Plan Ledger DOL Form 5500 · updated monthly

Herb Pharm, LLC401(k)

HERB PHARM, LLC SAVINGS PLAN · WILLIAMS, OR · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Herb Pharm, LLC reported $28,119 in plan administrative expenses for 2024: 0.41% of average plan assets, below the peer median. Employer contributions averaged $2,690 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 0.25% to 0.41%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Oregon (663rd of 1,021), and 10,135th of 13,661 in manufacturing. In 2024, employees put in $1.15 for every $1.00 the employer contributed; active participation has grown from 158 to 184 since 2022.

Plan summary
Net assets, end of year$7,067,149
Participants with balances281
Active participants184
Employer contributions$495,021
Employee contributions$567,019
Employer contribution per active participant$2,690
Average account balance$25,150
Benefits paid to participants$1,441,456
Plan auditUnmodified (clean) audit opinion
AuditorDELAP LLP
Plan history3
Yearassets · accounts · employer contribution
2024$7.1M · 281 accts · $495K emplr
2023$6.7M · 227 accts · $419K emplr
2022$6.5M · 185 accts · $375K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,119
Total administrative$28,119
The Herb Pharm, LLC 401(k) match · 2024
Employer contribution per active participant$2,690
Median for plans this size$1,313
2024$2,690 per active participant
2023$2,393 per active participant
2022$2,372 per active participant

Herb Pharm, LLC's 2024 employer contribution ran above the $1,313 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 · 20244
UNITED PLANNER'S FINANCIAL SERVICES · Investment advisory (plan)$23,666
PROFESSIONAL BENEFIT SERVICES INC · Contract administrator$8,159
EMPOWER ADVISORY GROUP, LLC · Investment management$2,949

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$28,119 · 0.41%
2023$13,409 · 0.20%
2022$17,894 · 0.25%
All plans at this employer2
HERB PHARM, LLC SAVINGS PLAN401(k)
HERB PHARM, LLC SAVINGS PLAN401(k)
Same employer
Similar plansManufacturing · Oregon
Marathon Coach, Inc. OR$7.8M · 0.73%
Western Wire Works, Inc. OR$7.7M · 0.73%
The Ulven Companies OR$7.1M · 0.68%
Ess Tech Subsidiary, Inc OR$6.9M · 0.12%
Linn Gear Company, Inc. OR$6.9M · 0.73%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 473470089 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.