Plan Ledger DOL Form 5500 · updated monthly

Farbest Foods, Inc.401(k)

FARBEST FOODS, INC. SAVINGS AND INVESTMENT PLAN · JASPER, IN · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Farbest Foods, Inc. reported $121,935 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $1,198 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 has held roughly steady near 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 338th-largest of 1,562 plans among Indiana employers on file, and the 3,637th of 13,661 in manufacturing. In 2024, employees put in $1.78 for every $1.00 the employer contributed; active participation has grown from 901 to 1,108 since 2022.

Plan summary
Net assets, end of year$40,640,709
Participants with balances983
Active participants1,108
Employer contributions$1,327,853
Employee contributions$2,357,969
Employer contribution per active participant$1,198
Average account balance$41,344
Benefits paid to participants$2,198,324
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$40.6M · 983 accts · $1.3M emplr
2023$34.7M · 940 accts · $1.2M emplr
2022$29.6M · 970 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$121,935
Total administrative$121,935
The Farbest Foods, Inc. 401(k) match · 2024
Employer contribution per active participant$1,198
Median for plans this size$2,416
2024$1,198 per active participant
2023$1,197 per active participant
2022$1,225 per active participant

Farbest Foods, Inc.'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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$121,935

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$121,935 · 0.32%
2023$101,490 · 0.32%
2022$106,731 · 0.34%
Same employer
Similar plansManufacturing · Indiana
Conn-Selmer, Inc. IN$43.3M · 0.41%
Morgan Foods, Inc. IN$42.2M · 0.23%
Ilpea Industries, Inc. IN$41.7M · 0.29%
Phd, Inc. IN$41.7M · 0.15%
Muncie Power Products Inc. IN$39.3M · 0.26%
Gecom Corporation IN$37.9M · 0.33%
Autocar, LLC IN$37.4M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 352049764 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.