Plan Ledger DOL Form 5500 · updated monthly

Russell a. Farrow (U.S.) Inc.401(k)

RUSSELL A. FARROW (U.S.) INC 401(K) PLAN · PLYMOUTH, MI · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Russell a. Farrow (U.S.) Inc. reported $14,410 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $714 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 0.05% to 0.27%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Michigan (1,945th of 2,619), and 1,545th of 2,677 in transportation & warehousing. In 2024, employees put in $5.63 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,640,679
Participants with balances168
Active participants136
Employer contributions$97,056
Employee contributions$546,730
Employer contribution per active participant$714
Average account balance$33,575
Benefits paid to participants$1,194,642
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.6M · 168 accts · $97K emplr
2023$5.2M · 159 accts · $93K emplr
2022$5.2M · 152 accts · $107K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,260
Investment management$8,150
Total administrative$14,410
The Russell a. Farrow (U.S.) Inc. 401(k) match · 2024
Employer contribution per active participant$714
Median for plans this size$1,313
2024$714 per active participant
2023$709 per active participant
2022$790 per active participant

Russell a. Farrow (U.S.) Inc.'s 2024 employer contribution ran below the $1,313 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 · 20243
SIGMA FINANCIAL CORP · Investment advisory (plan)$7,739
ASCENSUS LLC · Securities brokerage$4,960
UNITED OF OMAHA$1,300

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$14,410 · 0.27%
2023$2,634 · 0.05%
2022$3,001 · 0.05%
Same employer
Similar plansTransportation & Warehousing · Michigan
Indian Trails, Inc. MI$6.4M · 0.22%
Causley Trucking, Inc. MI$6.3M · 0.63%
B & B Trucking, Inc. MI$6.2M · 0.25%
Ken Graham Trucking, Inc. MI$6.2M · 0.07%
Northern Logistics, Inc. MI$4.8M · 0.70%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383197841 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.