Plan Ledger DOL Form 5500 · updated monthly

Flowerwood Nursery, Inc.401(k)

FLOWERWOOD NURSERY, INC. AND AFFILIATES PROFIT SHARING PLAN AND TRUST · LOXLEY, AL · plan year 2023

Reported admin expense ratio · 2023
0.66%

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

Flowerwood Nursery, Inc. reported $89,236 in plan administrative expenses for 2023: 0.66% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,218 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 0.67%. 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 370th-largest of 902 plans among Alabama employers on file, and the 337th of 945 in agriculture, forestry & fishing. In 2023, employees put in $1.74 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,576,353
Participants with balances362
Active participants443
Employer contributions$539,543
Employee contributions$936,895
Employer contribution per active participant$1,218
Average account balance$40,266
Benefits paid to participants$1,123,447
Plan auditUnmodified (clean) audit opinion
AuditorTHE HIGHLANDS ACCOUNTING GROUP, INC
Plan history3
Yearassets · accounts · employer contribution
2024$14.3M · 346 accts · $513K emplr
2023$14.6M · 362 accts · $540K emplr
2022$12.4M · 365 accts · $539K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$89,236
Total administrative$89,236
The Flowerwood Nursery, Inc. 401(k) match · 2023
Employer contribution per active participant$1,218
Median for plans this size$2,440
2024$1,203 per active participant
2023$1,218 per active participant
2022$1,235 per active participant

Flowerwood Nursery, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$86,262

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$95,996 · 0.67%
2023$89,236 · 0.66%
2022$91,237 · 0.68%
Same employer
Similar plansAgriculture, Forestry & Fishing · Alabama
Peco Foods, Inc. AL$129.4M · 0.79%
Tjc Mortgage, Inc. AL$11.1M · 0.34%
Ingram Farms, Inc. AL$2.7M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630281876 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.