Plan Ledger DOL Form 5500 · updated monthly

Quincy Farm Supply Co.401(k)

QUINCY FARM SUPPLY CO. RETIREMENT SAVINGS PLAN · QUINCY, IL · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Quincy Farm Supply Co. reported $1,425 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $344 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 0.51% to 0.03%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Illinois (2,957th of 3,702), and 3,745th of 5,215 in retail trade. In 2024, employees put in $2.61 for every $1.00 the employer contributed; active participation has grown from 306 to 371 since 2022.

Plan summary
Net assets, end of year$5,051,685
Participants with balances139
Active participants371
Employer contributions$127,707
Employee contributions$333,939
Employer contribution per active participant$344
Average account balance$36,343
Benefits paid to participants$481,339
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.1M · 139 accts · $128K emplr
2023$4.4M · 121 accts · $121K emplr
2022$4.0M · 126 accts · $116K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,425
Total administrative$1,425
The Quincy Farm Supply Co. 401(k) match · 2024
Employer contribution per active participant$344
Median for plans this size$1,313
2024$344 per active participant
2023$389 per active participant
2022$378 per active participant

Quincy Farm Supply Co.'s 2024 employer contribution ran below the $1,313 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 · 20244
EDWARD JONES · Investment advisory (plan)$15,821
JULY BUSINESS SERVICES · Contract administrator$950
CAPITAL GROUP RETIREMENT PLAN SVCS$475
GRAY HUNTER STENN LLP · Accounting / auditindirect comp

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$1,425 · 0.03%
2023$24,394 · 0.58%
2022$24,070 · 0.51%
Same employer
Similar plansRetail Trade · Illinois
Autohaus Automotive Inc. IL$5.4M · 0.26%
Mac Rx, LLC IL$5.3M · 0.54%
The Grove Inc IL$5.1M · 0.01%
Crafty, LLC IL$5.0M · 0.27%
Rev Up Brands, LLC IL$4.6M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 370801054 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.