Plan Ledger DOL Form 5500 · updated monthly

Duncan Family Farms, LLC401(k)

DUNCAN FAMILY FARMS, LLC 401(K) PLAN AND TRUST · GOODEAR, AZ · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Duncan Family Farms, LLC reported $37,969 in plan administrative expenses for 2024: 0.45% of average plan assets, below the peer median. Employer contributions averaged $1,332 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 0.41% to 0.45%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is the 630th-largest of 1,285 plans among Arizona employers on file, and 491st of 945 in agriculture, forestry & fishing. In 2024, employees put in $2.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,835,094
Participants with balances221
Active participants221
Employer contributions$294,287
Employee contributions$630,294
Employer contribution per active participant$1,332
Average account balance$39,978
Benefits paid to participants$1,038,237
Plan auditUnmodified (clean) audit opinion
AuditorJWT & ASSOCIATES LLP
Plan history3
Yearassets · accounts · employer contribution
2024$8.8M · 221 accts · $294K emplr
2023$8.0M · 220 accts · $306K emplr
2022$7.0M · 224 accts · $348K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,146
Investment management$27,823
Total administrative$37,969
The Duncan Family Farms, LLC 401(k) match · 2024
Employer contribution per active participant$1,332
Median for plans this size$1,313
2024$1,332 per active participant
2023$1,377 per active participant
2022$1,533 per active participant

Duncan Family Farms, LLC's 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
ROCKEFELLER FINANCIAL LLC · Recordkeeping · Trustee$27,823
ADP, INC. · Loan processing · Recordkeeping$10,146

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

Recordkeeper by year2
2024ADP, ROCKEFELLER FINANCIAL LLC
2023ADP, ROCKEFELLER FINANCIAL LLC

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Administrative cost history3
2024$37,969 · 0.45%
2023$30,643 · 0.41%
2022$32,303 · 0.41%
Same employer
Similar plansAgriculture, Forestry & Fishing · Arizona
Ak-Chin Indian Community AZ$15.2M · 0.18%
Hickmans Egg Ranch, Inc. AZ$11.8M · 0.49%
Pasquinelli Produce Co. AZ$10.3M · 1.05%
Farmers Investment Co. AZ$5.4M · 1.00%
Sender, Inc. AZ$4.6M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 260509802 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.