Plan Ledger DOL Form 5500 · updated monthly

Farmington Country Club401(k)

FARMINGTON COUNTRY CLUB RETIREMENT PLAN · CHARLOTTESVILLE, VA · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Farmington Country Club reported $60,815 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $2,478 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 0.414%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is among the smaller plans on file in Virginia (1,178th of 2,266), and the 518th of 1,311 in arts, entertainment & recreation. In 2024, employees put in $1.86 for every $1.00 the employer contributed; active participation has grown from 126 to 160 since 2022.

Plan summary
Net assets, end of year$15,125,954
Participants with balances228
Active participants160
Employer contributions$396,401
Employee contributions$738,939
Employer contribution per active participant$2,478
Average account balance$66,342
Benefits paid to participants$2,030,087
Plan auditUnmodified (clean) audit opinion
AuditorBROWN EDWARDS
Plan history3
Yearassets · accounts · employer contribution
2024$15.1M · 228 accts · $396K emplr
2023$14.2M · 223 accts · $609K emplr
2022$11.8M · 207 accts · $384K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,376
Investment management$27,439
Total administrative$60,815
The Farmington Country Club 401(k) match · 2024
Employer contribution per active participant$2,478
Median for plans this size$2,416
2024$2,478 per active participant
2023$3,931 per active participant
2022$3,052 per active participant

Farmington Country Club's 2024 employer contribution ran above 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$33,376
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$20,571
WELLTH ADVISORY SERVICES, LLC · Investment advisory (plan)$6,863
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect 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$60,815 · 0.41%
2023$53,842 · 0.41%
2022$56,697 · 0.41%
Same employer
Similar plansArts, Entertainment & Recreation · Virginia
Army Navy Country Club VA$21.2M · 0.36%
US Fitness Holdings, LLC VA$8.9M · 3.25%
Chrysler Museum Inc. VA$8.1M · 0.01%
Ticket Evolution, Inc. VA$6.5M · 0.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540540028 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.