Calavo Growers, Inc. 401(k) Review & Grade
Calavo Growers, Inc. Retirement Plan
Santa Paula, CAWholesale Trade788 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,281Employer $ per active participant
$2,819Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$38.2MNet plan assets, end of year
$93,455Average balance per account
Score breakdown
- Employer generosity16.5 / 5033th percentile for employer $ per participant
- Low cost16.6 / 2566th percentile for low admin cost vs. same-size plans
- Employee saving3.0 / 1520th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 33th |
| Lower admin cost | 66th |
| Employee saving | 20th |
| Peers that auto-enroll | 53% |
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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
- Calavo Growers put in about $1,281 per active participant, below the typical peer ($1,792). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $1,010,393 |
| Participant (employee) contributions | $2,222,564 |
| Other contributions (incl. rollovers in) | $155,836 |
| Administrative expenses paid from the plan | $55,451 |
| Benefits paid out | $14,651,375 |
| Net assets, start / end of year | $44.3M / $38.2M |
| Active participants, start / end of year | 1,277 / 300 |
| Participants with account balances | 409 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Holthouse Carlin & Van Trigt LLP |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $55,171 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250909103918NAL0012832787001, received 2025-09-09, EIN 33-0945304, plan #006, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.