Green Farms California LLC 401(k) Review & Grade
Green Farms California LLC 401(k) Profit Sharing Plan & Trust
Los Angeles, CAWholesale Trade558 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,024Employer $ per active participant
$2,675Employee $ saved per active participant
0.58%Direct admin cost, % of plan assets
$15.1MNet plan assets, end of year
$23,263Average balance per account
Score breakdown
- Employer generosity12.2 / 5024th percentile for employer $ per participant
- Low cost4.6 / 2518th percentile for low admin cost vs. same-size plans
- Employee saving2.8 / 1519th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score20 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 18th |
| Employee saving | 19th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $46,540 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Green Farms California put in about $1,024 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.
- Direct plan expenses (0.58% 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 | $570,962 |
| Participant (employee) contributions | $1,491,525 |
| Other contributions (incl. rollovers in) | $20,129 |
| Administrative expenses paid from the plan | $80,812 |
| Contract administrator fees | $46,835 |
| Investment advisory & management fees | $33,117 |
| Benefits paid out | $991,329 |
| Net assets, start / end of year | $12.6M / $15.1M |
| Active participants, start / end of year | 540 / 575 |
| Participants with account balances | 650 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Katz, Sapper & Miller LLP |
Largest service providers (Schedule C)
| Paychex, Inc. | $38,959 reported compensation |
| S.L. Reed & Company | $33,117 reported compensation |
| Mesirow | $6,665 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260327090914NAL0005790817001, received 2026-03-27, EIN 95-4550087, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.