Plan Ledger DOL Form 5500 · updated monthly

Hadley Farms, Inc.401(k)

HADLEY FARMS, INC. 401K PLAN · SMITHSBURG, MD · plan year 2022

Reported admin expense ratio · 2022
0.97%

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

Hadley Farms, Inc. reported $21,973 in plan administrative expenses for 2022: 0.97% of average plan assets, higher than ~75% of peers. Employer contributions averaged $310 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Maryland (1,535th of 1,671), and 12,870th of 13,661 in manufacturing. In 2022, employees put in $5.10 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,897,830
Participants with balances70
Active participants96
Employer contributions$29,802
Employee contributions$152,130
Employer contribution per active participant$310
Average account balance$27,112
Benefits paid to participants$466,367
Plan auditUnmodified (clean) audit opinion
AuditorALBRIGHT,CRUMBACKER,MOUL&ITELL,LLC
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$21,973
Total administrative$21,973
The Hadley Farms, Inc. 401(k) match · 2022
Employer contribution per active participant$310
Median for plans this size$1,114

Hadley Farms, Inc.'s 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$21,973 · 0.97%
Similar plansManufacturing · Maryland
Iron World, LLC MD$2.4M · 0.07%
Nimbus Boats USA LLC MD$1.9M · 0.88%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520705535 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.