Plan Ledger DOL Form 5500 · updated monthly

Amick Farms, LLC401(k)

AMICK FARMS, LLC 401(K) PLAN · BATESBURG, SC · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Amick Farms, LLC reported $282,003 in plan administrative expenses for 2024: 0.53% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,287 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 0.64% to 0.53%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 94th-largest of 807 plans among South Carolina employers on file, and the 2,797th of 13,661 in manufacturing. In 2024, employees put in $1.93 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$59,006,042
Participants with balances4,813
Active participants3,237
Employer contributions$4,165,749
Employee contributions$8,042,531
Employer contribution per active participant$1,287
Average account balance$12,260
Benefits paid to participants$6,202,249
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$59.0M · 4,813 accts · $4.2M emplr
2023$46.9M · 4,115 accts · $3.6M emplr
2022$33.7M · 2,036 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$166,074
Investment management$36,278
Total administrative$282,003
The Amick Farms, LLC 401(k) match · 2024
Employer contribution per active participant$1,287
Median for plans this size$3,635
2024$1,287 per active participant
2023$1,056 per active participant
2022$425 per active participant

Amick Farms, LLC's 2024 employer contribution ran below the $3,635 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 · 20243
EMPOWER ANNUITY INSURANCE COMPANY · Contract administrator · Recordkeeping$235,725
ONEDIGITAL INVESTMENT ADVISORS LLC · Investment advisory (plan)$36,278
RESOURCES INVESTMENT ADVISORS INC · Investment advisory (plan)$10,000

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

Recordkeeper by year2
2024Empower
2023Prudential

This plan has changed recordkeepers within these filings. If you left Amick Farms, LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$282,003 · 0.53%
2023$304,351 · 0.75%
2022$227,002 · 0.64%
Same employer
Similar plansManufacturing · South Carolina
Maclean Power, LLC SC$64.5M · 0.50%
The Ritedose Corporation SC$63.7M · 0.38%
Auriga Polymers Inc. SC$59.6M · 0.11%
Rts Packaging, LLC SC$58.1M · 0.07%
J W Aluminum Company SC$53.0M · 0.29%
Springs Global US, Inc. SC$51.3M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 760836672 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.