Plan Ledger DOL Form 5500 · updated monthly

Godolphin, LLC401(k)

GODOLPHIN, LLC 401(K) PROFIT SHARING PLAN · LEXINGTON, KY · plan year 2024

Reported admin expense ratio · 2024
0.55%

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

Godolphin, LLC reported $152,197 in plan administrative expenses for 2024: 0.55% of average plan assets, higher than ~75% of peers. Employer contributions averaged $9,425 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 fell from 0.64% to 0.55%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is the 228th-largest of 871 plans among Kentucky employers on file, and the 171st of 945 in agriculture, forestry & fishing. In 2024, the employer put in $3.14 for every $1.00 employees contributed themselves; active participation has shrunk from 128 to 109 since 2022.

Plan summary
Net assets, end of year$28,087,625
Participants with balances168
Active participants109
Employer contributions$1,027,346
Employee contributions$327,144
Employer contribution per active participant$9,425
Average account balance$167,188
Benefits paid to participants$3,211,147
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.1M · 168 accts · $1.0M emplr
2023$26.9M · 176 accts · $981K emplr
2022$23.3M · 174 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,682
Investment management$117,515
Total administrative$152,197
The Godolphin, LLC 401(k) match · 2024
Employer contribution per active participant$9,425
Median for plans this size$2,416
2024$9,425 per active participant
2023$8,315 per active participant
2022$7,822 per active participant

Godolphin, LLC's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
EMPOWER ADVISORY GROUP, LLC · Investment management$74,874
FIFTH THIRD BANK · Investment advisory (plan)$42,642

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$152,197 · 0.55%
2023$149,025 · 0.59%
2022$174,955 · 0.64%
Same employer
Similar plansAgriculture, Forestry & Fishing · Kentucky
McDougall and Sons, Inc. WA$29.2M · 0.39%
Center Fresh Egg Farm LLP IA$29.0M · 0.71%
Crookham Company ID$29.0M · 0.24%
Lfc Enterprises LLC FL$27.9M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 510338850 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.