Ruiz Food Products, Inc 401(k) Review & Grade
Ruiz Food Products, Inc. 401(k) Profit Sharing Plan
Dinuba, CAManufacturing3,297 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,821Employer $ per active participant
$2,690Employee $ saved per active participant
0.40%Direct admin cost, % of plan assets
$120.7MNet plan assets, end of year
$30,941Average balance per account
Score breakdown
- Employer generosity12.4 / 5025th percentile for employer $ per participant
- Low cost4.1 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving1.9 / 1513th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score8 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 16th |
| Employee saving | 13th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($98,448 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Ruiz Food Products put in about $1,821 per active participant, below the typical peer ($3,452). 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 (0.40% of assets) are well above similar-size plans (0.12%). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $6,004,236 |
| Participant (employee) contributions | $8,868,207 |
| Other contributions (incl. rollovers in) | $528,517 |
| Administrative expenses paid from the plan | $469,398 |
| Investment advisory & management fees | $86,769 |
| Other admin expenses | $108,870 |
| Benefits paid out | $17,445,609 |
| Net assets, start / end of year | $111.2M / $120.7M |
| Active participants, start / end of year | 3,515 / 3,079 |
| Participants with account balances | 3,902 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kcoe Isom, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $247,433 reported compensation |
| Wells Fargo Advisors LLC | $82,595 reported compensation |
| Kcoe Isom LLP | $26,326 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013165614NAL0001633681001, received 2025-10-13, EIN 94-1626717, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.