Plan Ledger DOL Form 5500 · updated monthly

Village Farms, L.P.401(k)

VILLAGE FARMS, L.P. 401(K) RETIREMENT SAVING PLAN · LAKE MARY, FL · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Village Farms, L.P. reported $72,879 in plan administrative expenses for 2024: 0.61% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,454 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 0.50% to 0.61%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is the 1,520th-largest of 3,644 plans among Florida employers on file, and the 383rd of 945 in agriculture, forestry & fishing. In 2024, employees put in $2.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,767,392
Participants with balances274
Active participants312
Employer contributions$453,694
Employee contributions$1,054,306
Employer contribution per active participant$1,454
Average account balance$46,596
Benefits paid to participants$1,354,482
Plan auditUnmodified (clean) audit opinion
AuditorHSC/TUSCAN & COMPANY, PA
Plan history3
Yearassets · accounts · employer contribution
2024$12.8M · 274 accts · $454K emplr
2023$11.2M · 287 accts · $425K emplr
2022$8.7M · 300 accts · $485K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,794
Investment management$43,085
Total administrative$72,879
The Village Farms, L.P. 401(k) match · 2024
Employer contribution per active participant$1,454
Median for plans this size$2,416
2024$1,454 per active participant
2023$1,279 per active participant
2022$1,410 per active participant

Village Farms, L.P.'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
NFP · Investment advisory (plan)$35,070
EMPOWER ADVISORY GROUP, LLC · Investment management$8,015

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$72,879 · 0.61%
2023$54,075 · 0.54%
2022$47,570 · 0.50%
Same employer
Similar plansAgriculture, Forestry & Fishing · Florida
Alico, Inc. FL$17.9M · 0.38%
Lykes Bros. Inc. FL$15.3M · 0.26%
Brooks Tropicals, LLC FL$11.5M · 0.86%
Woerner Management, Inc. FL$10.8M · 0.27%
Southeast Milk, Inc. FL$8.2M · 0.34%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 223694947 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.