Plan Ledger DOL Form 5500 · updated monthly

The Farrell Distributing Corporation401(k)

FARRELL DISTRIBUTING CORPORATION 401(K) PLAN · SOUTH BURLINGTON, VT · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

The Farrell Distributing Corporation reported $36,546 in plan administrative expenses for 2024: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,904 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 fell from 0.10% to 0.09%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 42nd-largest of 230 plans among Vermont employers on file, and the 938th of 4,246 in wholesale trade. In 2024, employees put in $1.99 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$44,215,797
Participants with balances348
Active participants300
Employer contributions$571,072
Employee contributions$1,134,086
Employer contribution per active participant$1,904
Average account balance$127,057
Benefits paid to participants$1,864,508
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$44.2M · 348 accts · $571K emplr
2023$39.2M · 335 accts · $539K emplr
2022$33.2M · 323 accts · $496K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,046
Investment management$35,000
Total administrative$36,546
The The Farrell Distributing Corporation 401(k) match · 2024
Employer contribution per active participant$1,904
Median for plans this size$2,416
2024$1,904 per active participant
2023$1,774 per active participant
2022$1,715 per active participant

The Farrell Distributing Corporation'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 · 20243
T ROWE PRICE RPS INC · Recordkeeping · Trustee$1,046
MORGAN STANLEY GLOBAL BANKING · Investment advisory (plan)$26,250
MORGAN STANLEY · Investment advisory (plan)$8,750

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$36,546 · 0.09%
2023$27,187 · 0.08%
2022$36,057 · 0.10%
Same employer
Similar plansWholesale Trade · Vermont
Burton Corporation VT$86.7M · 0.29%
New Chapter, Inc. VT$19.5M · 0.50%
S.B. Collins, Inc. VT$9.7M · 0.87%

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Source: U.S. Department of Labor, Form 5500 series, EIN 030214188 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.