Church Brothers, LLC 401(k) Review & Grade
Church Brothers, LLC 401(k) Plan
Salinas, CAAgriculture, Forestry, Fishing & Hunting1,626 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$574Employer $ per active participant
$1,151Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$27.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity17.9 / 5036th percentile for employer $ per participant
- Low cost17.9 / 2572th percentile for low admin cost vs. same-size plans
- Employee saving4.6 / 1531th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score43 / 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 | 36th |
| Lower admin cost | 72th |
| Employee saving | 31th |
| Peers that auto-enroll | 36% |
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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
- Church Brothers put in about $574 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 | $934,376 |
| Participant (employee) contributions | $1,872,679 |
| Other contributions (incl. rollovers in) | $1,063,166 |
| Administrative expenses paid from the plan | $28,202 |
| Contract administrator fees | $17,744 |
| Investment advisory & management fees | $9,358 |
| Other admin expenses | $1,100 |
| Benefits paid out | $2,733,041 |
| Net assets, start / end of year | $23.7M / $27.5M |
| Active participants, start / end of year | 1,499 / 1,754 |
| Participants with account balances | 381 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Johanson & Yau Accountancy Corp |
Largest service providers (Schedule C)
| Global Retirement Partners LLC | $23,043 reported compensation |
| Quintes Admin and Insurance SVC | $11,982 reported compensation |
| Voya Retirement Advisors, LLC | $6,241 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013132431NAL0001392945002, received 2025-10-13, EIN 77-0501879, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.