Plan Ledger DOL Form 5500 · updated monthly

Prestige Farms, Inc.401(k)

PRESTIGE FARMS INC. 401(K) PROFIT SHARING PLAN AND TRUST · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.14%

Prestige Farms, Inc. reported $4,206 in plan administrative expenses for 2024: 0.14% of average plan assets, lower than ~75% of peers. 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 0.41% to 0.14%. 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 North Carolina (1,651st of 2,005), and 736th of 945 in agriculture, forestry & fishing. active participation has shrunk from 136 to 103 since 2022.

Plan summary
Net assets, end of year$3,034,019
Participants with balances81
Active participants103
Employer contributions—
Employee contributions$71,142
Employer contribution per active participant—
Average account balance$37,457
Benefits paid to participants$219,210
Plan auditDisclaimer of opinion
AuditorMCCANNON, ROGERS, DRISCOLL & ASSOC
Plan history3
Yearassets · accounts · employer contribution
2024$3.0M · 81 accts
2023$2.8M · 94 accts
2022$2.4M · 112 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,206
Total administrative$4,206
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
MAXUS PLAN SOLUTIONS · Contract administrator$3,708

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

Administrative cost history3
2024$4,206 · 0.14%
2023$10,813 · 0.41%
2022$11,346 · 0.41%
Similar plansAgriculture, Forestry & Fishing · North Carolina
Duplin Wine Cellars, Inc NC$10.8M · 0.23%
Cahec Management, Inc. NC$9.3M · 0.54%
Baucom's Nursery Company NC$4.7M · 0.25%
Pregel America, Inc. NC$3.3M · 0.89%
Van Wingerden Intl, Inc. NC$2.9M · 0.61%
N. G. Purvis Farms, Inc. NC$2.7M · 0.12%
Nash Produce NC$548K · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560893777 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.