Plan Ledger DOL Form 5500 · updated monthly

Far West Fungi Inc401(k)

FAR WEST FUNGI INC - 401K · SOUTH SAN FRANCISC, CA · plan year 2023

Reported admin expense ratio · 2023
0.47%

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

Far West Fungi Inc reported $4,759 in plan administrative expenses for 2023: 0.47% of average plan assets, below the peer median. Employer contributions averaged $853 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 has held roughly steady near 0.47%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is among the smaller plans on file in California (8,698th of 9,483), and 852nd of 945 in agriculture, forestry & fishing. In 2023, employees put in $1.43 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,223,727
Participants with balances203
Active participants122
Employer contributions$104,098
Employee contributions$148,996
Employer contribution per active participant$853
Average account balance$6,028
Benefits paid to participants$13,909
Plan auditUnmodified (clean) audit opinion
AuditorKIM JACKSON ACCOUNTING & TAX
Plan history2
Yearassets · accounts · employer contribution
2023$1.2M · 203 accts · $104K emplr
2022$814K · 166 accts · $103K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$4,759
Total administrative$4,759
The Far West Fungi Inc 401(k) match · 2023
Employer contribution per active participant$853
Median for plans this size$1,308
2023$853 per active participant
2022$1,050 per active participant

Far West Fungi Inc's 2023 employer contribution ran below the $1,308 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 · 20231
ADP, INC. · Recordkeeping$4,758

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

Administrative cost history2
2023$4,759 · 0.47%
2022$3,562 · 0.45%
Similar plansAgriculture, Forestry & Fishing · California
Planasa US Holdings CA$1.3M · 0.50%
Upe Resources Inc CA$1.3M · 0.55%
Mellano Enterprises, Inc. CA$1.3M · 0.01%
Urban Remedy, Inc. CA$1.2M · 0.76%
Lpf Re Manager LLC CA$1.2M · 0.38%
Belcampo Group, Inc. CA$1.1M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 465764018 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.