Plan Ledger DOL Form 5500 · updated monthly

Riverence Farms LLC401(k)

WIC GROUP 401(K) PLAN · FILER, ID · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Riverence Farms LLC reported $78,185 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $2,560 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 0.29% to 0.32%. 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 86th-largest of 349 plans among Idaho employers on file, and the 191st of 945 in agriculture, forestry & fishing. In 2024, employees put in $1.84 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$25,888,414
Participants with balances560
Active participants394
Employer contributions$1,008,468
Employee contributions$1,855,185
Employer contribution per active participant$2,560
Average account balance$46,229
Benefits paid to participants$3,142,074
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$25.9M · 560 accts · $1.0M emplr
2023$23.2M · 502 accts · $914K emplr
2022$19.9M · 565 accts · $884K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$78,185
Total administrative$78,185
The Riverence Farms LLC 401(k) match · 2024
Employer contribution per active participant$2,560
Median for plans this size$2,416
2024$2,560 per active participant
2023$2,302 per active participant
2022$2,357 per active participant

Riverence Farms LLC's 2024 employer contribution ran above 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 LIFE INSURANCE COMPANY · Recordkeeping · Investment management$6,024

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$78,185 · 0.32%
2023$73,816 · 0.34%
2022$60,500 · 0.29%
Similar plansAgriculture, Forestry & Fishing · Idaho
Coop Shared Services, LLC ID$99.2M · 0.14%
Agri Beef Company ID$99.0M · 0.43%
Crookham Company ID$29.0M · 0.24%
Land View, Inc. ID$21.8M · 0.44%
Economic Modeling, LLC ID$21.8M · 0.48%
Ritewood Inc ID$17.1M · 0.62%
Idaho Milk Products, Inc ID$14.5M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 813719118 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.