Plan Ledger DOL Form 5500 · updated monthly

Farmers Pride Inc.401(k)

FARMERS PRIDE EMPLOYEE PROFIT SHARING AND SAVINGS PLAN · FREDERICKSBURG, PA · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Farmers Pride Inc. reported $115,899 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $1,461 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 0.19% to 0.37%. 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 1,039th-largest of 3,651 plans among Pennsylvania employers on file, and the 3,962nd of 13,661 in manufacturing. In 2024, employees put in $1.72 for every $1.00 the employer contributed; active participation has grown from 1,065 to 2,328 since 2022.

Plan summary
Net assets, end of year$35,888,530
Participants with balances2,132
Active participants2,328
Employer contributions$3,400,411
Employee contributions$5,852,282
Employer contribution per active participant$1,461
Average account balance$16,833
Benefits paid to participants$3,875,889
Plan auditUnmodified (clean) audit opinion
AuditorRKL LLP
Plan history3
Yearassets · accounts · employer contribution
2024$35.9M · 2,132 accts · $3.4M emplr
2023$26.0M · 1,320 accts · $1.3M emplr
2022$20.0M · 1,236 accts · $842K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,649
Investment management$72,250
Total administrative$115,899
The Farmers Pride Inc. 401(k) match · 2024
Employer contribution per active participant$1,461
Median for plans this size$2,416
2024$1,461 per active participant
2023$855 per active participant
2022$791 per active participant

Farmers Pride Inc.'s 2024 employer contribution ran below the $2,416 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
COMMONWEALTH FINANCIAL NETWORK · Investment advisory (plan)$66,016
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$43,649
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$6,233

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$115,899 · 0.37%
2023$45,192 · 0.20%
2022$42,369 · 0.19%
Same employer
Similar plansManufacturing · Pennsylvania
A & H Sportswear Co., Inc. PA$36.9M · 0.19%
Bally Ribbon Mills PA$35.9M · 0.43%
Fs-Elliott Co., LLC PA$35.5M · 0.44%
The Secant Group, LLC PA$35.3M · 0.13%
A. Stucki Company PA$35.3M · 0.39%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 231475918 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.