Plan Ledger DOL Form 5500 · updated monthly

Richard E. Swanson Farms, Inc.401(k)

SWANSONS EMPLOYEES 401K PLAN · TURLOCK, CA · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Richard E. Swanson Farms, Inc. reported $48,904 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $1,446 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 0.33% to 0.35%. 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 4,464th-largest of 9,483 plans among California employers on file, and the 340th of 945 in agriculture, forestry & fishing. In 2024, employees put in $1.88 for every $1.00 the employer contributed; active participation has grown from 230 to 312 since 2022.

Plan summary
Net assets, end of year$14,485,409
Participants with balances283
Active participants312
Employer contributions$451,155
Employee contributions$847,907
Employer contribution per active participant$1,446
Average account balance$51,185
Benefits paid to participants$3,008,971
Plan auditUnmodified (clean) audit opinion
AuditorATHERTON & ASSOCIATES, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$14.5M · 283 accts · $451K emplr
2023$13.4M · 283 accts · $336K emplr
2022$11.6M · 230 accts · $223K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,904
Total administrative$48,904
The Richard E. Swanson Farms, Inc. 401(k) match · 2024
Employer contribution per active participant$1,446
Median for plans this size$2,416
2024$1,446 per active participant
2023$1,237 per active participant
2022$969 per active participant

Richard E. Swanson Farms, Inc.'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
JOHN HANCOCK · Recordkeeping · Investment management$550

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$48,904 · 0.35%
2023$44,937 · 0.36%
2022$42,138 · 0.33%
Similar plansAgriculture, Forestry & Fishing · California
Culture Amp, Inc. CA$15.4M · 0.03%
Vino Farms, LLC CA$14.3M · 0.53%
Britz, Inc. CA$14.0M · 0.02%
Mann Packing Co., Inc. CA$13.6M · 0.67%

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Source: U.S. Department of Labor, Form 5500 series, EIN 943006314 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.