Profit Sharing
2022 plan-year Profit Sharing DOL Form 5500

Bix Produce Company, LLC 401(k) Retirement Plan

ERISA Form 5500 plan record drawn from DOL EBSA β€” verify with linked source filings below.

Sponsored by Bix Produce Co. Β· Minnesota Β· Wholesale Trade

What the 2023 filing shows

Bix Produce Company, LLC 401(k) Retirement Plan holds $14M for 362 participants - about $38,181 per participant, down 16.9% over the 2022 plan year.

$14M
total plan assets (2022 EOY)
362
covered participants
$38,181
avg assets per participant
-16.9%
assets change YoY

The plan reported a net loss of $3M for the year β€” a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$14M
Participants
362
State
Industry
Wholesale Trade

What the Filing Says About Bix Produce Company, LLC 401(k) Retirement Plan

Bix Produce Company, LLC 401(k) Retirement Plan is a Profit Sharing retirement plan sponsored by Bix Produce Co., headquartered in Minnesota. As of the 2022 Form 5500 filing, the plan reports $14M in total end-of-year assets and covers 362 participants across the Wholesale Trade industry. The sponsor's EIN on file with the U.S. Department of Labor is 201800034, and the plan has been effective since 1989-09-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $17M at the beginning of 2022 to $14M at year-end β€” a decline of 16.9%. Net assets (after liabilities) closed the year at $14M, with reported net income of $-2,810,391 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows β€” a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$17M
Total Assets (End of Year)$14M
Net Assets (End of Year)$14M
Net Income$-2,810,391
Plan TypeProfit Sharing
Employer EIN201800034
Plan Effective Date1989-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Bix Produce Co.)

Year Plans Participants Total Assets
2022 1 362 $14M
2023 1 380 $17M
2024 1 449 $179K

Nearby Profit Sharing Plans in Minnesota

Peer Profit Sharing plans β€” same state, same plan type β€” ranked by total assets.

Frequently Asked Questions

How much money is in the Bix Produce Company, LLC 401(k) Retirement Plan?
As of the 2022 Form 5500 filing, Bix Produce Company, LLC 401(k) Retirement Plan holds $14M in total assets with 362 participants. It is sponsored by Bix Produce Co..
What type of plan is Bix Produce Company, LLC 401(k) Retirement Plan?
Bix Produce Company, LLC 401(k) Retirement Plan is a Profit Sharing plan. It has been effective since 1989-09-01. The plan is filed with the U.S. Department of Labor under EIN 201800034.
Who sponsors the Bix Produce Company, LLC 401(k) Retirement Plan?
Bix Produce Company, LLC 401(k) Retirement Plan is sponsored by Bix Produce Co., located in Minnesota. The sponsor's EIN is 201800034 and the plan operates in the Wholesale Trade industry.
How did Bix Produce Company, LLC 401(k) Retirement Plan perform in 2022?
Bix Produce Company, LLC 401(k) Retirement Plan declined by 16.9% during 2022, moving from $17M to $14M in total assets. Net income was $-2,810,391.
Where can I find official filings for Bix Produce Company, LLC 401(k) Retirement Plan?
Official Form 5500 filings for Bix Produce Company, LLC 401(k) Retirement Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 201800034 or plan name at efast.dol.gov.
How does Bix Produce Company, LLC 401(k) Retirement Plan compare to other plans?
You can compare Bix Produce Company, LLC 401(k) Retirement Plan against other Profit Sharing plans on the plan type page, or view plans in Minnesota on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) β€” original filing retrieval by EIN 201800034.

Reference: IRS Publication 560 β€” Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B β€” Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.