Plan Ledger DOL Form 5500 · updated monthly

Adams Fairacre Farms, Inc.401(k)

ADAMS FAIRACRE FARMS, INC. 401(K) PLAN · POUGHKEEPSIE, NY · plan year 2024

Reported admin expense ratio · 2024
0.25%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Adams Fairacre Farms, Inc. reported $111,688 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $632 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 2 years on file its reported administrative ratio fell from 0.44% to 0.25%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 1,409th-largest of 5,648 plans among New York employers on file, and the 674th of 5,215 in retail trade. In 2024, employees put in $3.24 for every $1.00 the employer contributed; active participation has grown from 1,092 to 1,426 since 2022.

Plan summary
Net assets, end of year$47,745,743
Participants with balances1,577
Active participants1,426
Employer contributions$901,866
Employee contributions$2,924,235
Employer contribution per active participant$632
Average account balance$30,276
Benefits paid to participants$4,505,391
Plan auditUnmodified (clean) audit opinion
AuditorRBT CPAS, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$47.7M · 1,577 accts · $902K emplr
2023$43.4M · 1,491 accts · $966K emplr
2022$37.0M · 1,252 accts · $867K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$60,978
Investment management$39,210
Audit (IQPA)$11,500
Total administrative$111,688
The Adams Fairacre Farms, Inc. 401(k) match · 2024
Employer contribution per active participant$632
Median for plans this size$2,416
2024$632 per active participant
2023$691 per active participant
2022$794 per active participant

Adams Fairacre Farms, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
LPL FINANCIAL · Investment advisory (plan)$38,902
DAY SECKLER LLP · Accounting / audit$11,500
EMPOWER ADVISORY GROUP, LLC · Investment management$308

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$111,688 · 0.25%
2023$164,839 · 0.41%
2022$172,915 · 0.44%
Same employer
Similar plansRetail Trade · New York
Zara USA, Inc. NY$52.8M · 0.52%
Basil Management Group LLC NY$51.3M · 0.26%
Hugo Boss USA NY$51.2M · 0.19%
Bob Johnson Chevrolet NY$50.9M · 0.35%
Healey Brothers, Inc. NY$43.7M · 0.28%
The Shade Store, LLC NY$41.4M · 0.23%
Roman Health Ventures, Inc. NY$39.9M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141489189 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.