Plan Ledger DOL Form 5500 · updated monthly

Fassio Egg Farms, Inc.401(k)

FASSIO EGG FARMS, INC 401(K) PROFIT SHARING PLAN · WEST VALLEY, UT · plan year 2023

Reported admin expense ratio · 2023
0.09%

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

Fassio Egg Farms, Inc. reported $9,511 in plan administrative expenses for 2023: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $138,965 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 1 year on file its reported administrative ratio rose from 0.08% to 0.09%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is the 410th-largest of 848 plans among Utah employers on file, and the 397th of 945 in agriculture, forestry & fishing. In 2023, the employer put in $26.78 for every $1.00 employees contributed themselves; active participation has shrunk from 68 to 14 since 2022.

Plan summary
Net assets, end of year$12,258,751
Participants with balances115
Active participants14
Employer contributions$1,945,511
Employee contributions$72,642
Employer contribution per active participant$138,965
Average account balance$106,598
Benefits paid to participants$918,344
Plan auditUnmodified (clean) audit opinion
AuditorHOLBROOOK & MANTER
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$12.3M · 115 accts · $1.9M emplr
2022$9.8M · 117 accts · $500K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$9,511
Total administrative$9,511
The Fassio Egg Farms, Inc. 401(k) match · 2023
Employer contribution per active participant$138,965
Median for plans this size$2,440
2023$138,965 per active participant
2022$7,353 per active participant

Fassio Egg Farms, Inc.'s 2023 employer contribution ran above the $2,440 median for plans its size, placing it in the top 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
ASCENSUS LLC · Recordkeeping$8,656
MGKS · Actuarial · Plan administrator$4,050

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

Administrative cost history3
2024Not separately reported
2023$9,511 · 0.09%
2022$8,276 · 0.08%
Similar plansAgriculture, Forestry & Fishing · Utah
Daybreak Foods, Inc. WI$12.4M · 0.02%
Primus Group, Inc. CA$12.3M · 0.11%
Agrofresh Inc. PA$12.3M · 0.02%
Jm Longyear, LLC MI$12.1M · 0.42%
Wsf, Inc. WI$12.1M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 870302144 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.