Plan Ledger DOL Form 5500 · updated monthly

Meadows Farms, Inc.401(k)

MEADOWS FARMS, INC. 401(K) PROFIT SHARING PLAN · CHANTILLY, VA · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Meadows Farms, Inc. reported $27,136 in plan administrative expenses for 2024: 0.10% of average plan assets, lower than ~75% of peers. Employer contributions averaged $782 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 0.03% to 0.10%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 776th-largest of 2,266 plans among Virginia employers on file, and the 1,096th of 5,215 in retail trade. In 2024, employees put in $4.61 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$28,072,156
Participants with balances420
Active participants366
Employer contributions$286,289
Employee contributions$1,318,859
Employer contribution per active participant$782
Average account balance$66,838
Benefits paid to participants$919,862
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.1M · 420 accts · $286K emplr
2023$24.4M · 416 accts · $327K emplr
2022$22.5M · 418 accts · $354K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$27,136
Total administrative$27,136
The Meadows Farms, Inc. 401(k) match · 2024
Employer contribution per active participant$782
Median for plans this size$2,416
2024$782 per active participant
2023$899 per active participant
2022$968 per active participant

Meadows Farms, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$27,136
HERNDON-RESTON INSURANCE AGENCY, IN · Other servicesindirect 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$27,136 · 0.10%
2023$8,358 · 0.04%
2022$7,467 · 0.03%
Similar plansRetail Trade · Virginia
Ted Britt Ford Sales, Inc. VA$29.8M · 0.38%
Haley Buick Gmc Truck, Inc VA$28.4M · 0.47%
Sofie Network Inc. VA$25.0M · 0.40%
Grand Home Furnishings VA$24.3M · 0.21%
Casey Auto Group, Inc. VA$23.6M · 0.36%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 540898211 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.