Ac Irrigations Holdco, LLC dba Laurel AG and Water401(k)
LAUREL AG AND WATER 401(K) PLAN · BAKERSFIELD, CA · plan year 2023
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Ac Irrigations Holdco, LLC dba Laurel AG and Water reported $84,982 in plan administrative expenses for 2023: 1.49% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,502 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 1 year on file its reported administrative ratio rose from 1.41% to 1.49%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is among the smaller plans on file in California (6,496th of 9,483), and 576th of 945 in agriculture, forestry & fishing. In 2023, employees put in $1.99 for every $1.00 the employer contributed.
Ac Irrigations Holdco, LLC dba Laurel AG and Water's 2023 employer contribution ran above the $1,308 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 824475572 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.