California › Manufacturing › 250 to 499 participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
Olam West Coast, Inc. Pension Plan for Hourly Employees
Sponsored by Olam West Coast, Inc., Fresno, CA
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Olam West Coast, Inc. Pension Plan for Hourly Employees is a defined benefit pension plan sponsored by Olam West Coast, Inc. of Fresno, California. For the plan year ending 30 Jun 2025 it reported 302 participants, 164 of them active, and net assets of $5.3M.
Net assets came to $17,483 per participant, well below the $87,254 median for defined benefit plans with 250 to 499 participants and well below the $67,961 median for defined benefit plans in manufacturing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Employer contributions were $140K for the year ($854 per active participant) and benefits paid were $38K. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
Schedule C lists 1 service provider organisation paid $5,000 or more, with reported compensation of $16K: $54.58 per participant, well below the same-size median of $413. Administrative expenses charged to the plan were $17K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $226K in 2011 to $5.3M in 2024 (up 2236%), and participants from 245 to 302 (up 23%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $17,483 | $87,254 | $67,961 | $86,221 |
| Employer contributions per active participant | $854 | $11,032 | $6,915 | $10,244 |
| Schedule C compensation per participant | $54.58 | $413 | $299 | $344 |
| Schedule C compensation, share of net assets | 0.31% | 0.51% | 0.47% | 0.42% |
| Administrative expenses per participant | $57.73 | $596 | $498 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 250 to 499 participants (873 plans), manufacturing (1,532) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 302 | $5.3M | $17,483 | $140K | — | $16K |
| 2023 | 306 | $4.7M | $15,291 | $180K | — | $15K |
| 2022 | 281 | $4.0M | $14,214 | $180K | — | $15K |
| 2021 | 266 | $3.5M | $13,177 | $315K | — | $9,000 |
| 2020 | 278 | $3.7M | $13,342 | $420K | $0 | $4,000 |
| 2019 | 285 | $2.7M | $9,463 | $360K | $0 | $5,000 |
| 2018 | 291 | $2.2M | $7,605 | $289K | $0 | $0 |
| 2017 | 253 | $1.8M | $7,111 | $280K | $0 | $0 |
| 2016 | 236 | $1.4M | $5,962 | $280K | $0 | $0 |
| 2015 | 270 | $999K | $3,700 | $260K | $0 | $0 |
| 2014 | 219 | $754K | $3,443 | $200K | $0 | $0 |
| 2013 | 241 | $512K | $2,124 | $158K | $0 | $16K |
| 2012 | 238 | $365K | $1,534 | $141K | $0 | $0 |
| 2011 | 245 | $226K | $922 | $143K | $0 | $0 |
| 2010 | 135 | — | — | — | — | — |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$4,679,068
- Employer contributions$140,000
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$140,000
- Total income, including investment results$656,315
- Benefits paid$38,144
- Administrative expenses$17,434
- Total expenses$55,578
- Net income$600,737
- Net transfers$0
- Net assets, end of year$5,279,805
Participants
- Active participants164
- Retired or separated, receiving benefits23
- Retired or separated, entitled to future benefits113
- Total participants, end of year302
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Olam Americas Inc. | Other fees | $16,484 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Investment advisory and management fees$17,434
- Total administrative expenses$17,434
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Pooled separate accounts$4.7M · 89.6%
- Insurance company general account$515K · 9.8%
- Receivables$35K · 0.7%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmBaker Tilly US, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- Blackout period during the year—
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1BBenefits are primarily flat dollar (includes dollars per year of service)
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 311400: Fruit & Vegetable Preserving & Specialty Food Mfg.
Other plans of Olam West Coast, Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Olam Americas - Hanford Hourly Union Employee | 202 | $2.4M |
Similar plans in California
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Crystal Creamery Pension Plan | Crystal Creamery, Inc. | 311 | $13.4M | $43,236 |
| Infineon Retirement Plan | Infineon Technologies Americas Corp. | 256 | $25.6M | $99,988 |
| Pension Plan Basic American Foods | Basic American, Inc. | 355 | $12.4M | $34,998 |
| National Cement Company Salaried Employees Retirement Plan | National Cement Company, Inc. | 253 | $33.6M | $132,621 |
| New-Indy Catawba, LLC Pension Plan | New-Indy Containerboard, LLC | 358 | $79.4M | $221,890 |
| Diamond Foods Inc., Bargaining Unit Pension Plan | Diamond Foods LLC | 234 | $11.9M | $50,860 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is Olam West Coast, Inc. Pension Plan for Hourly Employees?
302 participants at the end of the plan year ending 30 Jun 2025, of whom 164 were active employees, with net assets of $5,279,805. Among defined benefit plans that places it in the 250 to 499 participants band, which held 873 plans in plan year 2024.
What does Olam West Coast, Inc. contribute per participant?
The filing reports $140,000 in employer contributions for the year, which is $854 per active participant; the median for plans of the same type and size was $11,032 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $16,484 in compensation to service provider organisations, $54.58 per participant or 0.31% of net assets. The same-size median among plans reporting any Schedule C compensation was $413 per participant. Administrative expenses on Schedule H were $17,434. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Olam West Coast, Inc.. The financial statements were audited by Baker Tilly US, LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jul 2024 to 30 Jun 2025, received by the Department of Labor on 14 Apr 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 30-0514300, plan 001, received 14 Apr 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.