Plan Ledger DOL Form 5500 · updated monthly

Farmer Bros. Co.401(k)

FARMER BROS. CO. 401(K) PLAN · FORT WORTH, TX · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Farmer Bros. Co. reported $200,542 in plan administrative expenses for 2024: 0.20% of average plan assets, above the peer median. Employer contributions averaged $1,112 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 fell from 0.22% to 0.20%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 636th-largest of 5,688 plans among Texas employers on file, and the 1,866th of 13,661 in manufacturing. In 2024, employees put in $4.14 for every $1.00 the employer contributed; active participation has shrunk from 1,109 to 910 since 2022.

Plan summary
Net assets, end of year$103,507,249
Participants with balances1,321
Active participants910
Employer contributions$1,011,708
Employee contributions$4,186,440
Employer contribution per active participant$1,112
Average account balance$78,355
Benefits paid to participants$12,034,680
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$103.5M · 1,321 accts · $1.0M emplr
2023$101.3M · 1,554 accts · $2.3M emplr
2022$96.8M · 1,850 accts · $4.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$173,602
Investment management$26,940
Total administrative$200,542
The Farmer Bros. Co. 401(k) match · 2024
Employer contribution per active participant$1,112
Median for plans this size$3,635
2024$1,112 per active participant
2023$2,305 per active participant
2022$4,326 per active participant

Farmer Bros. Co.'s 2024 employer contribution ran below the $3,635 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$173,601
NFP RETIREMENT INC. · Investment advisory (plan)$26,941
PKF O'CONNOR DAVIES, LLP · Other servicesindirect 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$200,542 · 0.20%
2023$197,190 · 0.20%
2022$235,195 · 0.22%
Same employer
Similar plansManufacturing · Texas
Bray International, Inc. TX$109.7M · 0.26%
Ichor Systems, Inc. TX$108.3M · 0.16%
Fifth Generation, Inc TX$105.2M · 0.07%
Cdi Energy Products, LLC TX$100.4M · 0.22%
Gcc of America, Inc. TX$100.2M · 0.13%
Oq Chemicals Corporation TX$96.5M · 0.15%
Dril-Quip, Inc. TX$95.2M · 0.15%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 950725980 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.