California › Agriculture, forestry, fishing and hunting › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Foster Farms Group Pension Plan
Sponsored by Foster Poultry Farms, Livingston, 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.
Foster Farms Group Pension Plan is a cash balance pension plan sponsored by Foster Poultry Farms of Livingston, California. For the plan year ending 31 Dec 2024 it reported 6,544 participants, 2,026 of them active, and net assets of $378M.
Net assets came to $57,713 per participant, well below the $87,623 median for defined benefit plans with 5,000 to 24,999 participants and below the $69,039 median for defined benefit plans in agriculture, forestry, fishing and hunting. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 6 service provider organisations paid $5,000 or more, with reported compensation of $1.5M: $223 per participant, close to the same-size median of $232. Administrative expenses charged to the plan were $6.6M. 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 $162M in 2009 to $378M in 2024 (up 134%), and participants from 7,988 to 6,544 (down 18%).
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 | $57,713 | $87,623 | $69,039 | $86,221 |
| Employer contributions per active participant | — | $9,468 | $8,035 | $10,244 |
| Schedule C compensation per participant | $223 | $232 | $152 | $344 |
| Schedule C compensation, share of net assets | 0.39% | 0.30% | 0.19% | 0.42% |
| Administrative expenses per participant | $1,010 | $396 | $256 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 5,000 to 24,999 participants (651 plans), agriculture, forestry, fishing and hunting (48) 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 | 6,544 | $378M | $57,713 | — | — | $1.5M |
| 2023 | 6,554 | $375M | $57,273 | — | — | $1.4M |
| 2022 | 8,097 | $388M | $47,931 | — | — | $1.2M |
| 2021 | 8,205 | $598M | $72,911 | — | — | $1.5M |
| 2020 | 8,290 | $609M | $73,493 | $18.7M | — | $1.4M |
| 2019 | 8,402 | $506M | $60,179 | $20.1M | — | $1.5M |
| 2018 | 8,520 | $389M | $45,705 | $22.8M | — | $1.7M |
| 2017 | 8,326 | $419M | $50,360 | $22.8M | — | $1.6M |
| 2016 | 8,132 | $342M | $42,027 | $12.8M | — | $1.5M |
| 2015 | 7,977 | $316M | $39,559 | $40.0M | — | $1.8M |
| 2014 | 7,756 | $290M | $37,335 | — | $16.4M | $2.1M |
| 2013 | 8,391 | $276M | $32,943 | $3.3M | — | $1.4M |
| 2012 | 8,437 | $238M | $28,238 | $8.9M | — | $1.3M |
| 2011 | 8,566 | $206M | $24,003 | $18.2M | — | $1.8M |
| 2010 | 8,254 | $193M | $23,343 | $14.0M | — | $1.6M |
| 2009 | 7,988 | $162M | $20,225 | $15.8M | — | $1.3M |
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$375,364,910
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions$16,790,000
- Total contributions$16,790,000
- Total income, including investment results$30,133,678
- Benefits paid$21,216,041
- Administrative expenses$6,608,362
- Total expenses$27,824,403
- Net income$2,309,275
- Net transfers$0
- Net assets, end of year$377,674,185
Participants
- Active participants2,026
- Retired or separated, receiving benefits1,550
- Retired or separated, entitled to future benefits2,694
- Total participants, end of year6,544
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Fid Inv Inst Ops Co. | Actuarial; Recordkeeping and information management | $594,983 | $0 |
| Goldman Sachs | Investment management | $549,800 | $0 |
| The Bank of New York Mellon | Trustee (bank, trust company, or similar financial institution) | $147,497 | $0 |
| BlackRock | Investment advisory (plan); Investment management | $90,374 | $0 |
| Atherton & Associates LLP | Accounting (including auditing) | $67,700 | $0 |
| Independent Insurance Analysts | Insurance services | $7,500 | $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
- Other administrative expenses$5,344,072
- Investment advisory and management fees$640,184
- Recordkeeping fees$408,909
- Trustee and custodial fees$147,497
- IQPA audit fees$67,700
- Total administrative expenses$6,608,362
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.
- Common/collective trusts$252M · 65.8%
- Registered investment companies (mutual funds)$50.6M · 13.2%
- Cash (interest and non-interest bearing)$31.0M · 8.1%
- U.S. Government securities$28.6M · 7.5%
- 103-12 investment entities$15.9M · 4.2%
- Partnership/joint venture interests$4.1M · 1.1%
- Receivables$374K · 0.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmAtherton & Associates, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- Blackout period during the yearNo
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
1ABenefits are primarily pay related1IFrozen plan3HPlan sponsor(s) is (are) a member(s) of a controlled group1CCash balance or similar plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 112300: Poultry & Egg Production.
Other plans of Foster Poultry Farms
| Plan | Participants | Net assets |
|---|---|---|
| Employee P/s Ret Plan & Trust of Foster Farms Group | 14,959 | $456M |
Similar plans in California
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Western Growers Pension Trust Plan a | Western Growers Pension Trust Plan a | 1,680 | −$75.7M | — |
| Giumarra Vineyards Corporation Pension Plan | Giumarra Vineyards Corporation | 1,010 | $8.3M | $8,183 |
| J.G. Boswell Company Employees' Retirement Plan | J.G. Boswell Company | 769 | $62.9M | $81,754 |
| Blue Diamond Growers Employees Pension Plan | Blue Diamond Growers | 703 | $103M | $145,970 |
| Sunkist Retirement Plan - a | Sunkist Retirement Board | 555 | $77.0M | $138,733 |
Defined benefit plans in agriculture, forestry, fishing and hunting closest in size.
Questions and answers
How big is Foster Farms Group Pension Plan?
6,544 participants at the end of the plan year ending 31 Dec 2024, of whom 2,026 were active employees, with net assets of $377,674,185. Among defined benefit plans that places it in the 5,000 to 24,999 participants band, which held 651 plans in plan year 2024.
What does Foster Poultry Farms contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $1,457,854 in compensation to service provider organisations, $223 per participant or 0.39% of net assets. The same-size median among plans reporting any Schedule C compensation was $232 per participant. Administrative expenses on Schedule H were $6,608,362. 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 Foster Poultry Farms. Recordkeeping or administration: Fid Inv Inst Ops Co.. Investment advisory or management: Goldman Sachs and BlackRock. Trustee or custodian: The Bank of New York Mellon. The financial statements were audited by Atherton & Associates, 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 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 9 Oct 2025. 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 94-2382364, plan 003, received 9 Oct 2025; 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.