Plan Ledger DOL Form 5500 · updated monthly

Passion Growers LLC401(k)

PASSION GROWERS LLC 401(K) RETIREMENT PLAN · MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Passion Growers LLC reported $3,519 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,789 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 0.09% to 0.06%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Florida (2,218th of 3,644), and 10,359th of 13,661 in manufacturing. In 2024, employees put in $1.59 for every $1.00 the employer contributed; active participation has grown from 147 to 270 since 2022.

Plan summary
Net assets, end of year$6,643,978
Participants with balances196
Active participants270
Employer contributions$482,939
Employee contributions$769,168
Employer contribution per active participant$1,789
Average account balance$33,898
Benefits paid to participants$154,740
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.6M · 196 accts · $483K emplr
2023$4.9M · 176 accts · $375K emplr
2022$3.7M · 123 accts · $349K emplr
Administrative expenses, itemized · 2024
Investment management$3,519
Total administrative$3,519
The Passion Growers LLC 401(k) match · 2024
Employer contribution per active participant$1,789
Median for plans this size$1,313
2024$1,789 per active participant
2023$2,152 per active participant
2022$2,375 per active participant

Passion Growers LLC's 2024 employer contribution ran above the $1,313 median for plans its size. 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$3,519 · 0.06%
2023$1,928 · 0.04%
2022$3,300 · 0.09%
Similar plansManufacturing · Florida
Anton Paar Quantatec Inc. FL$6.5M · 0.37%
Fleetgenius, LLC FL$6.5M · 0.09%
Fsf Manufacturing, Inc. FL$6.4M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 651141152 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.