Braga Ranch, Inc. 401(k) Review & Grade
Braga Ranch 401(k) Plan
Soledad, CAAgriculture, Forestry, Fishing & Hunting1,414 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$671Employer $ per active participant
$1,116Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$22.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity22.2 / 5044th percentile for employer $ per participant
- Low cost11.2 / 2545th percentile for low admin cost vs. same-size plans
- Employee saving4.4 / 1529th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-8 pts2 issues reported on the filing
Total score33 / 100 · Grade D
This plan vs. peers
Peers: Agriculture, Forestry, Fishing & Hunting plans with 500–2,499 active participants (118 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 44th |
| Lower admin cost | 45th |
| Employee saving | 29th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
Corrective distributions: the plan refunded $8,107 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Braga Ranch put in about $671 per active participant, below the typical peer ($774). 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 | $949,659 |
| Participant (employee) contributions | $1,579,205 |
| Other contributions (incl. rollovers in) | $553,999 |
| Administrative expenses paid from the plan | $53,504 |
| Contract administrator fees | $20,450 |
| Investment advisory & management fees | $942 |
| Other admin expenses | $32,112 |
| Benefits paid out | $514,568 |
| Net assets, start / end of year | $17.9M / $22.3M |
| Active participants, start / end of year | 1,689 / 1,140 |
| Participants with account balances | 478 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Johnson & Associates Cpas, Inc. |
Largest service providers (Schedule C)
| Quintes Administrative & Insu. SVC | $16,517 reported compensation |
| Voya Retirement Insu and Annuity Co | $319 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007194253NAL0008458880001, received 2025-10-07, EIN 26-1750469, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.