Simmons Farm Raised Catfish, Inc.401(k)
SIMMONS FARM RAISED CATFISH, INC. 401(K) PLAN · YAZOO CITY, MS · plan year 2023
Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works
Simmons Farm Raised Catfish, Inc. reported $27,776 in plan administrative expenses for 2023: 2.77% of average plan assets, higher than ~90% of peers. Employer contributions averaged $131 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 has held roughly steady near 2.77%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is among the smaller plans on file in Mississippi (349th of 367), and 866th of 945 in agriculture, forestry & fishing. In 2023, employees put in $5.00 for every $1.00 the employer contributed.
Simmons Farm Raised Catfish, Inc.'s 2023 employer contribution ran below the $1,308 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 640666940 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.