Plan Ledger DOL Form 5500 · updated monthly

Phillips Mushroom Farms, L.P.401(k)

PHILLIPS MUSHROOM FARMS 401K PLAN · KENNETT SQUARE, PA · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Phillips Mushroom Farms, L.P. reported $132,435 in plan administrative expenses for 2024: 0.56% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,289 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 3 years on file its reported administrative ratio has held roughly steady near 0.56%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is the 1,366th-largest of 3,651 plans among Pennsylvania employers on file, and the 200th of 945 in agriculture, forestry & fishing. In 2024, employees put in $1.61 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$24,417,163
Participants with balances328
Active participants493
Employer contributions$635,474
Employee contributions$1,021,525
Employer contribution per active participant$1,289
Average account balance$74,443
Benefits paid to participants$1,750,922
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.4M · 328 accts · $635K emplr
2023$22.5M · 315 accts · $578K emplr
2022$20.2M · 305 accts · $570K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$76,893
Investment management$45,442
Total administrative$132,435
The Phillips Mushroom Farms, L.P. 401(k) match · 2024
Employer contribution per active participant$1,289
Median for plans this size$2,416
2024$1,289 per active participant
2023$1,213 per active participant
2022$1,258 per active participant

Phillips Mushroom Farms, L.P.'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 · 20242
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping$13,986
VALLEY FORGE INVESTMENT COMPANY · Investment advisory (participants)$45,442

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$132,435 · 0.56%
2023$119,697 · 0.56%
2022$116,563 · 0.55%
Same employer
Similar plansAgriculture, Forestry & Fishing · Pennsylvania
Hillandale Gettysburg, LP PA$34.6M · 0.68%
Apr Supply Company PA$30.2M · 0.26%
Farmer Boy AG, Inc. PA$23.9M · 0.36%
R.W. Sauder, Inc. PA$22.6M · 0.33%
Premier Select Sires, Inc. PA$21.0M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 231630612 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.