Plan Ledger DOL Form 5500 · updated monthly

Olsons Greenhouse Gardens, Inc.401(k)

OLSONS GREENHOUSE GARDENS, INC. 401K PROFIT SHARING PLAN · SALEM, UT · plan year 2024

Reported admin expense ratio · 2024
0.78%

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

Olsons Greenhouse Gardens, Inc. reported $83,036 in plan administrative expenses for 2024: 0.78% of average plan assets, higher than ~90% of peers. Employer contributions averaged $746 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 rose from 0.71% to 0.78%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 423rd-largest of 848 plans among Utah employers on file, and 2,729th of 4,246 in wholesale trade. In 2024, employees put in $1.58 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,517,019
Participants with balances235
Active participants570
Employer contributions$424,957
Employee contributions$672,433
Employer contribution per active participant$746
Average account balance$49,009
Benefits paid to participants$327,583
Plan auditUnmodified (clean) audit opinion
AuditorCOOK MARTIN POULSON PC
Plan history2
Yearassets · accounts · employer contribution
2024$11.5M · 235 accts · $425K emplr
2023$9.8M · 220 accts · $355K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,715
Investment management$42,321
Total administrative$83,036
The Olsons Greenhouse Gardens, Inc. 401(k) match · 2024
Employer contribution per active participant$746
Median for plans this size$2,416
2024$746 per active participant
2023$904 per active participant

Olsons Greenhouse Gardens, 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 · 20243
GLOBAL RETIREMENT PARTNERS · Recordkeeping · Trustee$42,341
ADP, INC. · Loan processing · Recordkeeping$40,159
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, GLOBAL RETIREMENT PARTNERS
2023ADP, GLOBAL RETIREMENT PARTNERS

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Administrative cost history2
2024$83,036 · 0.78%
2023$61,046 · 0.71%
All plans at this employer2
OLSONS GREENHOUSE GARDENS, INC. 401K PROFIT SHARING PLAN401(k)
OLSONS GREENHOUSE GARDENS INC. 401(K) PROFIT SHARING PLAN & TRUST401(k)
Similar plansWholesale Trade · Utah
Lifevantage Corporation UT$14.9M · 0.18%
Midwest Office Inc. UT$12.1M · 0.38%
Maggie Sottero Designs, LLC UT$11.4M · 0.35%
Spandex Holdings Utah, LLC UT$11.3M · 0.55%
Alianza, Inc. UT$10.4M · 0.27%
Group Rossignol USA, Inc. UT$10.0M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 870476265 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.