What are the fees in the Sanderson Farms, Inc. ESOP plan?

For plan year 2022, Sanderson Farms, Inc. reported $329,844 in plan administrative expenses, or 0.49% of average plan assets — higher than ~90% of peers. Fund-level expense ratios are not included in public filings.

How much does Sanderson Farms, Inc. contribute to its ESOP?

In 2022, employer contributions to the Sanderson Farms, Inc. plan averaged $1 per active participant, below the $3,449 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Sanderson Farms, Inc. 401(k)?

The average participant account balance was $4,006 for plan year 2022, based on 9,402 accounts.

Sanderson Farms, Inc.ESOP

Name: Sanderson Farms, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

SANDERSON FARMS, INC. AND AFFILIATES ESOP · LAUREL, MS · plan year 2022

Reported admin expense ratio · 2022

0.49%

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

Sanderson Farms, Inc. reported $329,844 in plan administrative expenses for 2022: 0.49% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1 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.

The plan sits in the $50M–$250M size bracket, benchmarked here against 9,341 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is the 61st-largest of 367 plans among Mississippi employers on file, and the 126th of 945 in agriculture, forestry & fishing.

Plan summary
Net assets, end of year$37,663,816
Participants with balances9,402
Active participants11,873
Employer contributions$12,425
Employee contributions—
Employer contribution per active participant$1
Average account balance$4,006
Benefits paid to participants$59,340,894
Plan auditUnmodified (clean) audit opinion
AuditorHORNE LLP

Plan history2

Yearassets · accounts · employer contribution

2023$0 · $8K emplr

2022$37.7M · 9,402 accts · $12K emplr

Administrative expenses, itemized · 2022

Professional / advisory$329,844

Total administrative$329,844

Employer contributions to the Sanderson Farms, Inc. plan · 2022

Employer contribution per active participant$1

Median for plans this size$3,449

Sanderson Farms, Inc.'s 2022 employer contribution ran below the $3,449 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

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2

2023Not separately reported

2022$329,844 · 0.49%

All plans at this employer2

SANDERSON FARMS, INC. AND AFFILIATES ESOPESOP

SANDERSON FARMS, INC. AND AFFILIATES 401(K) PLAN401(k)

Same employer

Sanderson Farms, Inc.'s health & benefits plan: carriers, premiums & broker pay

Similar plansAgriculture, Forestry & Fishing · Mississippi
Innovative AG Services Co. IA$38.1M · 0.13%
Monterey Mushrooms, LLC CA$38.1M · 0.31%
Oil Search Alaska, LLC AK$38.0M · 0.27%
Foxworth-Galbraith Lumber Company TX$37.9M · 0.25%
Owensboro Grain Company, LLC KY$37.2M · 0.18%
Green Circle Growers, Inc. OH$37.1M · 0.44%
Harris Farms, Inc. CA$36.8M · 0.02%
Select Sires, Inc. OH$36.5M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 640615843 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.