Plan Ledger DOL Form 5500 · updated monthly

Lamb Farms Inc401(k)

LAMB FARMS INC 401(K) PROFIT SHARING PLAN & TRUST · OAKFIELD, NY · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Lamb Farms Inc reported $38,896 in plan administrative expenses for 2024: 0.54% of average plan assets, above the peer median. Employer contributions averaged $579 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 0.66% to 0.54%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in New York (3,955th of 5,648), and 3,252nd of 4,246 in wholesale trade. In 2024, employees put in $3.19 for every $1.00 the employer contributed; active participation has grown from 133 to 148 since 2022.

Plan summary
Net assets, end of year$7,719,000
Participants with balances94
Active participants148
Employer contributions$85,712
Employee contributions$273,702
Employer contribution per active participant$579
Average account balance$82,117
Benefits paid to participants$148,964
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.7M · 94 accts · $86K emplr
2023$6.8M · 115 accts · $82K emplr
2022$5.9M · 156 accts · $76K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,782
Investment management$12,114
Total administrative$38,896
The Lamb Farms Inc 401(k) match · 2024
Employer contribution per active participant$579
Median for plans this size$1,313
2024$579 per active participant
2023$605 per active participant
2022$569 per active participant

Lamb Farms Inc's 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
PAYCHEX, INC. · Contract administrator · Recordkeeping$20,708
JOHN HANCOCK · Recordkeeping · Loan processing$5,197
ALERA INVESTMENT ADVISORS LLC · Investment advisory (plan)$12,112

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

Recordkeeper by year2
2024John Hancock, Paychex
2023ERISA FIDUCIARY SERVICES, INC., Paychex, THE WATERFORD GROUP

This plan has changed recordkeepers within these filings. If you left Lamb Farms Inc before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$38,896 · 0.54%
2023$43,493 · 0.69%
2022$42,328 · 0.66%
Similar plansWholesale Trade · New York
Power Drives, Inc. NY$8.3M · 0.66%
Nyc Alliance Group, LLC NY$8.3M · 0.27%
Stoli Group USA, LLC NY$8.1M · 0.56%
Safavieh NY$7.6M · 0.04%
Vera Wang Group LLC NY$7.5M · 0.02%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 161081703 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.