Plan Ledger DOL Form 5500 · updated monthly

Manulife Investment Management Timberland and Agriculture Inc. (Mimta)401(k)

FARMLAND MANAGEMENT SERVICES 401(K) PLAN · TURLOCK, CA · plan year 2023

Reported admin expense ratio · 2023
0.02%

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

Manulife Investment Management Timberland and Agriculture Inc. (Mimta) reported $2,486 in plan administrative expenses for 2023: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $0 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 1 year on file its reported administrative ratio fell from 0.04% to 0.02%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is the 4,723rd-largest of 9,483 plans among California employers on file, and the 376th of 945 in agriculture, forestry & fishing.

Plan summary
Net assets, end of year$13,141,181
Participants with balances158
Active participants130
Employer contributions$0
Employee contributions$0
Employer contribution per active participant$0
Average account balance$83,172
Benefits paid to participants$562,696
Plan auditUnmodified (clean) audit opinion
AuditorATHERTON AND ASSOCIATES, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $2K emplr
2023$13.1M · 158 accts
2022$11.2M · 167 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$50
Investment management$2,436
Total administrative$2,486
The Manulife Investment Management Timberland and Agriculture Inc. (Mimta) 401(k) match · 2023
Employer contribution per active participant$0
Median for plans this size$2,440

Manulife Investment Management Timberland and Agriculture Inc. (Mimta)'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231

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

Administrative cost history3
2024Not separately reported
2023$2,486 · 0.02%
2022$4,693 · 0.04%
Similar plansAgriculture, Forestry & Fishing · California
Britz, Inc. CA$14.0M · 0.02%
Mann Packing Co., Inc. CA$13.6M · 0.67%
V. Sangiacomo & Sons CA$12.8M · 0.64%
Huneeus Vintners LLC CA$12.8M · 0.00%
Foothill Packing, Inc. CA$12.6M · 1.03%
Plantel Nurseries, Inc. CA$12.4M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 770099968 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.