Plan Ledger DOL Form 5500 · updated monthly

Greenheart Farms, Inc.401(k)

GREENHEART FARMS, INC. 401(K) PROFIT SHARING PLAN · ARROYO GRANDE, CA · plan year 2023

Reported admin expense ratio · 2023
0.41%

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

Greenheart Farms, Inc. reported $29,021 in plan administrative expenses for 2023: 0.41% of average plan assets, below the peer median. Employer contributions averaged $1,381 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 0.35% to 0.45%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is among the smaller plans on file in California (6,269th of 9,483), and 548th of 945 in agriculture, forestry & fishing. In 2023, employees put in $1.71 for every $1.00 the employer contributed; active participation has grown from 78 to 107 since 2022.

Plan summary
Net assets, end of year$7,232,063
Participants with balances104
Active participants107
Employer contributions$147,716
Employee contributions$252,146
Employer contribution per active participant$1,381
Average account balance$69,539
Benefits paid to participants$1,110,231
Plan auditUnmodified (clean) audit opinion
AuditorYOUNGER AND COMPANY, CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$7.2M · 104 accts · $151K emplr
2023$7.2M · 104 accts · $148K emplr
2022$6.9M · 113 accts · $169K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$3,213
Investment management$25,808
Total administrative$29,021
The Greenheart Farms, Inc. 401(k) match · 2023
Employer contribution per active participant$1,381
Median for plans this size$1,308
2024$1,315 per active participant
2023$1,381 per active participant
2022$2,163 per active participant

Greenheart Farms, Inc.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee (directed)$29,021

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

Recordkeeper by year2
2024Alerus
2023Alerus

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

Administrative cost history3
2024$32,442 · 0.45%
2023$29,021 · 0.41%
2022$27,189 · 0.35%
Similar plansAgriculture, Forestry & Fishing · California
Robinson Enterprises Inc CA$7.7M · 0.81%
Blazerwilkinsongee, LLC CA$7.6M · 0.08%
Four Star Management, LLC CA$7.5M · 0.84%
Lmr Services LLC CA$7.0M · 0.52%
Sunridge Nurseries, Inc. CA$6.8M · 0.61%
Neil Bassetti Farms CA$6.8M · 0.06%
Villa Park Orchards CA$6.6M · 0.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 953622537 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.