Plan Ledger DOL Form 5500 · updated monthly

Biltmore Farms, LLC401(k)

BILTMORE FARMS, LLC 401(K) PLAN · ASHEVILLE, NC · plan year 2025

Reported admin expense ratio · 2025
0.25%

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

Biltmore Farms, LLC reported $24,545 in plan administrative expenses for 2025: 0.25% of average plan assets, below the peer median. Employer contributions averaged $1,877 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 3 years on file its reported administrative ratio rose from 0.18% to 0.25%. The plan sits in the $1M–$10M size bracket, benchmarked here against 809 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in North Carolina (1,050th of 2,005), and 1,050th of 2,096 in real estate & leasing. In 2025, employees put in $1.83 for every $1.00 the employer contributed; active participation has grown from 198 to 228 since 2022.

Plan summary
Net assets, end of year$11,021,159
Participants with balances232
Active participants228
Employer contributions$427,938
Employee contributions$784,116
Employer contribution per active participant$1,877
Average account balance$47,505
Benefits paid to participants$671,680
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$11.0M · 232 accts · $428K emplr
2024$8.9M · 236 accts · $399K emplr
2023$7.8M · 235 accts · $366K emplr
2022$7.0M · 230 accts · $351K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$24,545
Total administrative$24,545
The Biltmore Farms, LLC 401(k) match · 2025
Employer contribution per active participant$1,877
Median for plans this size$1,464
2025$1,877 per active participant
2024$1,578 per active participant
2023$1,796 per active participant
2022$1,773 per active participant

Biltmore Farms, LLC's 2025 employer contribution ran above the $1,464 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20251

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

Administrative cost history4
2025$24,545 · 0.25%
2024$20,346 · 0.24%
2023$12,496 · 0.17%
2022$13,954 · 0.18%
Same employer
Similar plansReal Estate & Leasing · North Carolina
Nwr Services, LLC NC$14.4M · 0.16%
Gingko Residential LLC NC$14.0M · 0.41%
Kane Realty Corporation NC$13.8M · 0.19%
Westminster Company NC$10.4M · 0.53%
S&S Services Group, LLC NC$10.0M · 0.32%
Msc Development, Inc. NC$9.8M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561244909 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.