Berkeley Bowl Produce Inc 401(k) Review & Grade
Berkeley Bowl Produce Inc 401k Profit Sharing Plan
Berkeley, CARetail Trade527 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,918Employer $ per active participant
$1,636Employee $ saved per active participant
0.41%Direct admin cost, % of plan assets
$37.4MNet plan assets, end of year
$52,840Average balance per account
Score breakdown
- Employer generosity47.0 / 5094th percentile for employer $ per participant
- Low cost7.3 / 2529th percentile for low admin cost vs. same-size plans
- Employee saving4.1 / 1527th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 94th |
| Lower admin cost | 29th |
| Employee saving | 27th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Berkeley Bowl Produce put in about $2,918 per active participant, more than the typical peer ($743). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.41% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,537,888 |
| Participant (employee) contributions | $862,424 |
| Other contributions (incl. rollovers in) | $366 |
| Administrative expenses paid from the plan | $147,467 |
| Contract administrator fees | $7,400 |
| Investment advisory & management fees | $140,067 |
| Benefits paid out | $2,146,197 |
| Net assets, start / end of year | $34.1M / $37.4M |
| Active participants, start / end of year | 510 / 544 |
| Participants with account balances | 707 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Obfm Accountants Inc |
Largest service providers (Schedule C)
| Edelman Financial Engines LLC | $85,146 reported compensation |
| The Retirement Plan Company LLC | $65,066 reported compensation |
| Associated Pension Consultants | $7,400 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010141051NAL0013277792001, received 2025-10-10, EIN 94-2803364, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.