Plan Ledger DOL Form 5500 · updated monthly

Fairwood Brands, LLC401(k)

FAIRWOOD BRANDS 401(K) PLAN · COLUMBUS, OH · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Fairwood Brands, LLC reported $44,572 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $814 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 1 year on file its reported administrative ratio rose from 0.14% to 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Ohio (1,796th of 3,295), and the 886th of 2,534 in administrative & support services. In 2024, employees put in $2.02 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,324,947
Participants with balances131
Active participants417
Employer contributions$339,367
Employee contributions$684,332
Employer contribution per active participant$814
Average account balance$94,084
Benefits paid to participants$2,088,958
Plan auditUnmodified (clean) audit opinion
AuditorMCCURDY & ASSOCIATES, INC.
Plan history2
Yearassets · accounts · employer contribution
2024$12.3M · 131 accts · $339K emplr
2023$10.2M · 142 accts · $189K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,572
Total administrative$44,572
The Fairwood Brands, LLC 401(k) match · 2024
Employer contribution per active participant$814
Median for plans this size$2,416
2024$814 per active participant
2023$571 per active participant

Fairwood Brands, LLC's 2024 employer contribution ran below the $2,416 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
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$19,738
CREATIVE RETIREMENT SYSTEMS, INC. · Recordkeeping · Loan processing$3,761
RAYMOND JAMES AND ASSOCIATES · Investment advisory (plan)$20,870

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

Recordkeeper by year2
2024CREATIVE RETIREMENT SYSTEMS, INC., Transamerica
2023CREATIVE RETIREMENT SYSTEMS, INC., Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history2
2024$44,572 · 0.40%
2023$13,789 · 0.14%
Similar plansAdministrative & Support Services · Ohio
The Reserves Network, Inc. OH$13.6M · 0.32%
Innosource, Inc. OH$13.2M · 0.13%
Healthcomp, Inc. OH$8.8M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 920924070 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.