What are the fees in the N. G. Purvis Farms, Inc. 401(k) plan?

For plan year 2022, N. G. Purvis Farms, Inc. reported $3,395 in plan administrative expenses, or 0.12% of average plan assets — lower than ~75% of peers. Fund-level expense ratios are not included in public filings.

What is the average account balance in the N. G. Purvis Farms, Inc. 401(k)?

The average participant account balance was $84,028 for plan year 2022, based on 32 accounts.

N. G. Purvis Farms, Inc.401(k)

Name: N. G. Purvis Farms, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

N.G. PURVIS FARMS, INC. PROFIT SHARING PLAN · ROBBINS, NC · plan year 2022

Reported admin expense ratio · 2022

0.12%

N. G. Purvis Farms, Inc. reported $3,395 in plan administrative expenses for 2022: 0.12% of average plan assets, lower than ~75% of peers. 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.

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 North Carolina (1,697th of 2,005), and 764th of 945 in agriculture, forestry & fishing.

Plan summary
Net assets, end of year$2,688,898
Participants with balances32
Active participants94
Employer contributions—
Employee contributions$66,852
Employer contribution per active participant—
Average account balance$84,028
Benefits paid to participants$13,979
Plan auditUnmodified (clean) audit opinion
AuditorFORVIS, LLP

Administrative expenses, itemized · 2022

Recordkeeping & contract admin$3,395

Total administrative$3,395

What these fees cost you

Your balance

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 history1

2022$3,395 · 0.12%

Similar plansAgriculture, Forestry & Fishing · North Carolina
Baucom's Nursery Company NC$4.7M · 0.25%
Pregel America, Inc. NC$3.3M · 0.89%
Prestige Farms, Inc. NC$3.0M · 0.14%
Van Wingerden Intl, Inc. NC$2.9M · 0.61%
Howard Management Company, Inc. NC$1.7M · 0.07%
Nash Produce NC$548K · 0.52%
Tri-Hishtil, LLC NC$55K · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560850082 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.