Plan Ledger DOL Form 5500 · updated monthly

Two Farms Inc.401(k)

TWO FARMS INC. EMPLOYEES' 401(K) PROFIT SHARING · BALTMORE, MD · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Two Farms Inc. reported $105,278 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $195 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 5 years on file its reported administrative ratio rose from 0.29% to 0.35%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 445th-largest of 1,671 plans among Maryland employers on file, and the 963rd of 5,215 in retail trade. In 2024, employees put in $1.91 for every $1.00 the employer contributed; active participation has grown from 4,719 to 6,538 since 2019.

Plan summary
Net assets, end of year$32,659,745
Participants with balances749
Active participants6,538
Employer contributions$1,274,122
Employee contributions$2,435,585
Employer contribution per active participant$195
Average account balance$43,604
Benefits paid to participants$3,203,459
Plan auditUnmodified (clean) audit opinion
AuditorSC & H ATTEST SERVICES
Plan history4
Yearassets · accounts · employer contribution
2024$32.7M · 749 accts · $1.3M emplr
2023$27.7M · 689 accts · $1.1M emplr
2022$23.8M · 655 accts · $1.1M emplr
2019$18.5M · 588 accts · $778K emplr
The Two Farms Inc. 401(k) match · 2024
Employer contribution per active participant$195
Median for plans this size$2,416
2024$195 per active participant
2023$196 per active participant
2022$207 per active participant
2019$165 per active participant

Two Farms Inc.'s 2024 employer contribution ran below the $2,416 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

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
THE VANGUARD GROUP, INC. · Recordkeeping · Consulting$105,278

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history4
2024$105,278 · 0.35%
2023$95,153 · 0.37%
2022$75,622 · 0.30%
2019$46,534 · 0.29%
All plans at this employer2
TWO FARMS INC. EMPLOYEES' 401(K) PROFIT SHARING401(k)
CLOVERLAND FARMS DAIRY 401(K) RETIREMENT PLAN FOR UNION EMPLOYEES401(k)
Same employer
Similar plansRetail Trade · Maryland
Thompsongas, LLC MD$40.3M · 0.48%
George R. Norris LLC MD$37.6M · 0.32%
Fila U.S.A., Inc. MD$36.5M · 0.02%
The Pete Store, LLC MD$35.6M · 0.26%
Criswell Chevrolet Inc. MD$29.1M · 0.50%
Moi, Inc. MD$28.1M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520275060 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.