Plan Ledger DOL Form 5500 · updated monthly

R. W. Griffin Feed Seed & Fertilizer, Inc.401(k)

R. W. GRIFFIN FEED SEED & FERTILIZER 401(K) PLAN · DOUGLAS, GA · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

R. W. Griffin Feed Seed & Fertilizer, Inc. reported $97,615 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $1,268 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 rose from 0.12% to 0.44%. 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 789th-largest of 2,160 plans among Georgia employers on file, and the 208th of 945 in agriculture, forestry & fishing. In 2024, employees put in $1.67 for every $1.00 the employer contributed; active participation has grown from 442 to 489 since 2022.

Plan summary
Net assets, end of year$23,480,792
Participants with balances247
Active participants489
Employer contributions$619,865
Employee contributions$1,037,900
Employer contribution per active participant$1,268
Average account balance$95,064
Benefits paid to participants$1,007,563
Plan auditUnmodified (clean) audit opinion
AuditorCLEMENTS PURVIS & STEWART CPA P
Plan history3
Yearassets · accounts · employer contribution
2024$23.5M · 247 accts · $620K emplr
2023$20.5M · 252 accts · $519K emplr
2022$17.1M · 250 accts · $513K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,441
Investment management$64,891
Audit (IQPA)$13,283
Total administrative$97,615
The R. W. Griffin Feed Seed & Fertilizer, Inc. 401(k) match · 2024
Employer contribution per active participant$1,268
Median for plans this size$2,416
2024$1,268 per active participant
2023$1,192 per active participant
2022$1,161 per active participant

R. W. Griffin Feed Seed & Fertilizer, Inc.'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 · 20244
DAVID M HATTER DBA ARISTA ADVISORY · Investment advisory (plan)$55,699
CLEMENTS PURVIS & STEWART PC · Accounting / audit$13,283
EMPOWER ADVISORY GROUP, LLC · Investment management$9,192

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$97,615 · 0.44%
2023$66,573 · 0.35%
2022$22,475 · 0.12%
Same employer
Similar plansAgriculture, Forestry & Fishing · Georgia
Mar-Jac Poultry, Inc. GA$89.2M · 0.05%
Sar Trilogy, LLC GA$31.6M · 0.22%
Mobley Greenhouse, Inc. GA$10.1M · 0.37%
Weiler Forestry, Inc. GA$9.1M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 581095836 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.