Plan Ledger DOL Form 5500 · updated monthly

Macfarms, LLC401(k)

MACFARMS OF HAWAII 401(K) PROFIT SHARING PLAN · CAPTAIN COOK, HI · plan year 2022

Reported admin expense ratio · 2022
0.71%

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

Macfarms, LLC reported $40,564 in plan administrative expenses for 2022: 0.71% of average plan assets, above the peer median. Employer contributions averaged $1,410 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 has held roughly steady near 0.73%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is among the smaller plans on file in Hawaii (201st of 269), and 634th of 945 in agriculture, forestry & fishing. In 2022, employees put in $1.46 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,107,993
Participants with balances202
Active participants140
Employer contributions$197,386
Employee contributions$288,193
Employer contribution per active participant$1,410
Average account balance$25,287
Benefits paid to participants$936,420
Plan auditUnmodified (clean) audit opinion
AuditorWIKOFF COMBS & CO., LLC
Plan history2
Yearassets · accounts · employer contribution
2023$5.0M · 202 accts · $168K emplr
2022$5.1M · 202 accts · $197K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$34,885
Investment management$2,935
Total administrative$40,564
The Macfarms, LLC 401(k) match · 2022
Employer contribution per active participant$1,410
Median for plans this size$1,114
2023$1,256 per active participant
2022$1,410 per active participant

Macfarms, LLC's 2022 employer contribution ran above the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$36,974 · 0.73%
2022$40,564 · 0.71%
Same employer
Similar plansAgriculture, Forestry & Fishing · Hawaii
Kelena Farms, Inc. HI$14.1M · 0.13%
Cyanotech Corporation HI$5.2M · 0.07%
Kapua Orchards Inc. HI$4.5M · 0.83%
Island Plant Company LLC HI$1.2M · 0.13%
Kona Hills, LLC HI$578K · 2.85%

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Source: U.S. Department of Labor, Form 5500 series, EIN 263007910 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.