Plan Ledger DOL Form 5500 · updated monthly

Norman's Nursery, Inc.401(k)

NORMAN'S NURSERY 401(K) PLAN · SAN GABRIEL, CA · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Norman's Nursery, Inc. reported $2,395 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $179 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 fell from 0.11% to 0.04%. 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 California (6,463rd of 9,483), and 570th of 945 in agriculture, forestry & fishing. In 2024, employees put in $4.85 for every $1.00 the employer contributed; active participation has shrunk from 409 to 257 since 2022.

Plan summary
Net assets, end of year$6,607,188
Participants with balances155
Active participants257
Employer contributions$46,004
Employee contributions$222,903
Employer contribution per active participant$179
Average account balance$42,627
Benefits paid to participants$889,541
Plan auditUnmodified (clean) audit opinion
AuditorLYNN JANZEN, CPA
Plan history3
Yearassets · accounts · employer contribution
2024$6.6M · 155 accts · $46K emplr
2023$6.3M · 174 accts · $119K emplr
2022$6.2M · 192 accts · $105K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,317
Investment management$78
Total administrative$2,395
The Norman's Nursery, Inc. 401(k) match · 2024
Employer contribution per active participant$179
Median for plans this size$1,313
2024$179 per active participant
2023$343 per active participant
2022$257 per active participant

Norman's Nursery, Inc.'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.

Administrative cost history3
2024$2,395 · 0.04%
2023$1,159 · 0.02%
2022$7,715 · 0.11%
Same employer
Similar plansAgriculture, Forestry & Fishing · California
Lmr Services LLC CA$7.0M · 0.52%
Sunridge Nurseries, Inc. CA$6.8M · 0.61%
Neil Bassetti Farms CA$6.8M · 0.06%
Villa Park Orchards CA$6.6M · 0.64%
Tasteful Selections, LLC CA$6.6M · 0.67%
A1 Dahra Acx, Inc. CA$6.0M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 951669764 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.