Plan Ledger DOL Form 5500 · updated monthly

Matson Fruit Company401(k)

MATSON FRUIT COMPANY PROFIT SHARING PLAN · SELAH, WA · plan year 2024

Reported admin expense ratio · 2024
0.79%

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

Matson Fruit Company reported $71,645 in plan administrative expenses for 2024: 0.79% of average plan assets, above the peer median. Employer contributions averaged $276 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 3 years on file its reported administrative ratio has held roughly steady near 0.79%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is among the smaller plans on file in Washington (1,097th of 1,714), and the 456th of 945 in agriculture, forestry & fishing. In 2024, employees put in $10.38 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,591,687
Participants with balances151
Active participants146
Employer contributions$40,364
Employee contributions$418,808
Employer contribution per active participant$276
Average account balance$63,521
Benefits paid to participants$608,605
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.6M · 151 accts · $40K emplr
2023$8.5M · 158 accts · $40K emplr
2022$7.4M · 164 accts · $37K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$71,645
Total administrative$71,645
The Matson Fruit Company 401(k) match · 2024
Employer contribution per active participant$276
Median for plans this size$1,313
2024$276 per active participant
2023$272 per active participant
2022$240 per active participant

Matson Fruit Company'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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$71,644
EDWARD JONES · Investment advisory (plan)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$71,645 · 0.79%
2023$60,538 · 0.76%
2022$52,071 · 0.75%
Similar plansAgriculture, Forestry & Fishing · Washington
Enfield Farms, Inc. WA$10.1M · 0.15%
Legacy Fruit, LLC WA$8.8M · 0.47%
Gee Whiz II, LLC. WA$8.8M · 0.76%
Bleyhl Farm Service, Inc WA$8.8M · 0.38%
Schenk Packing Co., Inc. WA$7.7M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 910310180 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.