Plan Ledger DOL Form 5500 · updated monthly

Arborgen Inc.401(k)

ARBORGEN 401(K) PROFIT SHARING PLAN · RIDGEVILLE, SC · plan year 2023

Reported admin expense ratio · 2023
0.37%

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

Arborgen Inc. reported $59,011 in plan administrative expenses for 2023: 0.37% of average plan assets, above the peer median. Employer contributions averaged $2,843 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 rose from 0.32% to 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is the 318th-largest of 807 plans among South Carolina employers on file, and the 308th of 945 in agriculture, forestry & fishing. In 2023, employees put in $2.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,133,812
Participants with balances146
Active participants108
Employer contributions$307,056
Employee contributions$633,383
Employer contribution per active participant$2,843
Average account balance$110,506
Benefits paid to participants$2,716,908
Plan auditUnmodified (clean) audit opinion
AuditorWEBSTER ROGERS LLP
Plan history3
Yearassets · accounts · employer contribution
2024$15.7M · 155 accts · $396K emplr
2023$16.1M · 146 accts · $307K emplr
2022$15.8M · 155 accts · $283K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$34,206
Investment management$24,805
Total administrative$59,011
The Arborgen Inc. 401(k) match · 2023
Employer contribution per active participant$2,843
Median for plans this size$2,440
2024$3,738 per active participant
2023$2,843 per active participant
2022$2,571 per active participant

Arborgen Inc.'s 2023 employer contribution ran above the $2,440 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.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$34,206
SYNOVUS TRUST COMPANY · Investment advisory (plan)$24,807

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$57,041 · 0.36%
2023$59,011 · 0.37%
2022$53,667 · 0.32%
Same employer
Similar plansAgriculture, Forestry & Fishing · South Carolina
Pure Fishing, Inc SC$89.0M · 0.17%
Canal Wood, LLC SC$21.5M · 0.24%
Walter P. Rawl & Sons, Inc. SC$14.0M · 0.67%
Patten Seed Company SC$12.7M · 0.33%
Rei Automation, Inc. SC$4.4M · 0.34%
Alpha Genesis, Inc. SC$3.8M · 1.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 582521259 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.