Plan Ledger DOL Form 5500 · updated monthly

Phillips Farms, LLC401(k)

PHILLIPS FARMS, LLC 401(K) PLAN · LODI, CA · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Phillips Farms, LLC reported $1,300 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,849 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 0.014% to 0.010%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 4,457th-largest of 9,483 plans among California employers on file, and 7,233rd of 13,661 in manufacturing. In 2024, employees put in $2.77 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,537,031
Participants with balances124
Active participants171
Employer contributions$316,153
Employee contributions$874,765
Employer contribution per active participant$1,849
Average account balance$117,234
Benefits paid to participants$503,714
Plan auditUnmodified (clean) audit opinion
AuditorBOWMAN AND COMPANY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$14.5M · 124 accts · $316K emplr
2023$12.1M · 116 accts · $368K emplr
2022$10.4M · 119 accts · $378K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,300
Total administrative$1,300
The Phillips Farms, LLC 401(k) match · 2024
Employer contribution per active participant$1,849
Median for plans this size$2,416
2024$1,849 per active participant
2023$2,140 per active participant
2022$2,102 per active participant

Phillips Farms, LLC's 2024 employer contribution ran below the $2,416 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.

Service providers · 20241
ADP, INC. · Recordkeeping$1,300

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
2023ADP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$1,300 · 0.01%
2023$1,719 · 0.02%
2022$1,553 · 0.01%
Same employer
Similar plansManufacturing · California
Weldmac Mfg. Co. CA$14.8M · 0.23%
Rhino Linings USA, Inc. CA$14.8M · 0.03%
Jbi, LLC CA$14.7M · 0.01%
Cpacket Networks, Inc. CA$14.7M · 0.03%
Hirel Connectors, Inc. CA$14.5M · 0.60%
La Terra Fina USA, LLC CA$14.5M · 0.39%
Alatus Aerosystems CA$14.4M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 680466748 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.