Plan Ledger DOL Form 5500 · updated monthly

Farrar Corporation401(k)

FARRAR CORPORATION EMPLOYEES SAVINGS TRUST · MANHATTAN, KS · plan year 2024

Reported admin expense ratio · 2024
0.82%

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

Farrar Corporation reported $40,485 in plan administrative expenses for 2024: 0.82% of average plan assets, above the peer median. Employer contributions averaged $1,687 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 0.56% to 0.82%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Kansas (645th of 828), and 11,077th of 13,661 in manufacturing. In 2024, employees put in $2.55 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,242,319
Participants with balances125
Active participants100
Employer contributions$168,715
Employee contributions$429,666
Employer contribution per active participant$1,687
Average account balance$41,939
Benefits paid to participants$550,784
Plan auditUnmodified (clean) audit opinion
AuditorADAMSBROWN, LLC
Plan history4
Yearassets · accounts · employer contribution
2025$0 · $110K emplr
2024$5.2M · 125 accts · $169K emplr
2023$4.7M · 132 accts · $145K emplr
2022$4.5M · 134 accts · $151K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,277
Investment management$26,208
Total administrative$40,485
The Farrar Corporation 401(k) match · 2024
Employer contribution per active participant$1,687
Median for plans this size$1,313
2024$1,687 per active participant
2023$1,354 per active participant
2022$1,399 per active participant

Farrar Corporation's 2024 employer contribution ran above the $1,313 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
GALLAGHER FIDUCIARY ADVISORS, LLC · Recordkeeping · Trustee$26,208
ONEAMERICA RETIREMENT SERVICES · Recordkeeping · Loan processing$14,277
MATRIX TRUST COMPANY · Custodial · Custodial (securities)indirect comp
MSCS FS DIV OF BROADRIDGE BPO, LLPindirect comp

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

Recordkeeper by year3
2025GALLAGHER FIDUCIARY ADVISORS, LLC, OneAmerica
2024GALLAGHER FIDUCIARY ADVISORS, LLC, OneAmerica
2023GALLAGHER FIDUCIARY ADVISORS, LLC, OneAmerica

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Administrative cost history4
2025Not separately reported
2024$40,485 · 0.82%
2023$36,816 · 0.81%
2022$27,105 · 0.56%
Same employer
Similar plansManufacturing · Kansas
Hess Services, Inc. KS$5.7M · 0.86%
Hi-Lo Industries, Inc. KS$5.7M · 0.24%
Universal Products, Inc. KS$5.5M · 0.51%
Orange Ev LLC KS$5.3M · 1.21%
Legacy Technologies LLC KS$5.2M · 0.65%
3P Processing LLC KS$5.0M · 0.72%
Kmw LTD. KS$4.6M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 480809049 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.