Plan Ledger DOL Form 5500 · updated monthly

Exterior Design, Inc. dba the Perennial FarmProfit-sharing plan

EXTERIOR DESIGN, INC. PROFIT SHARING PLAN · GLEN ARM, MD · plan year 2024

Reported admin expense ratio · 2024
1.29%

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

Exterior Design, Inc. dba the Perennial Farm reported $101,242 in plan administrative expenses for 2024: 1.29% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,000 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 1.02% to 1.29%. 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 among the smaller plans on file in Maryland (1,074th of 1,671), and 507th of 945 in agriculture, forestry & fishing. active participation has grown from 94 to 105 since 2022.

Plan summary
Net assets, end of year$8,328,929
Participants with balances130
Active participants105
Employer contributions$210,000
Employee contributions$0
Employer contribution per active participant$2,000
Average account balance$64,069
Benefits paid to participants$45,393
Plan auditUnmodified (clean) audit opinion
AuditorAPRIO LLP
Plan history3
Yearassets · accounts · employer contribution
2024$8.3M · 130 accts · $210K emplr
2023$7.4M · 120 accts · $150K emplr
2022$6.2M · 114 accts · $150K emplr
Administrative expenses, itemized · 2024
Investment management$77,872
Audit (IQPA)$15,000
Total administrative$101,242
Employer contributions to the Exterior Design, Inc. dba the Perennial Farm plan · 2024
Employer contribution per active participant$2,000
Median for plans this size$1,313
2024$2,000 per active participant
2023$1,376 per active participant
2022$1,596 per active participant

Exterior Design, Inc. dba the Perennial Farm'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 · 20243
NARDONE PRIDGEON & COMPANY, P.A. · Accounting / audit$15,000
CLF RETIREMENT PLANNING, LLC · Other services$8,370
LPL FINANCIAL · Investment advisory (plan)indirect comp

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$101,242 · 1.29%
2023$56,816 · 0.84%
2022$72,103 · 1.02%
Similar plansAgriculture, Forestry & Fishing · Maryland
Perdue Farms Inc MD$708.4M · 0.09%
Defense Contracting, Inc. MD$11.7M · 0.22%
Altimate Electric, Inc. MD$9.5M · 0.63%
Ise America, Inc. MD$7.4M · 0.52%
Homestead Gardens, Inc. MD$3.8M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521257744 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.