Plan Ledger DOL Form 5500 · updated monthly

Walther Farms LLC401(k)

WALTHER FARMS LLC 401(K) PLAN · THREE RIVERS, MI · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Walther Farms LLC reported $30,129 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $1,355 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 0.02% to 0.24%. 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 among the smaller plans on file in Michigan (1,313th of 2,619), and the 360th of 945 in agriculture, forestry & fishing. In 2024, employees put in $1.43 for every $1.00 the employer contributed; active participation has grown from 232 to 371 since 2022.

Plan summary
Net assets, end of year$13,691,403
Participants with balances139
Active participants371
Employer contributions$502,639
Employee contributions$720,498
Employer contribution per active participant$1,355
Average account balance$98,499
Benefits paid to participants$908,966
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.7M · 139 accts · $503K emplr
2023$11.9M · 141 accts · $368K emplr
2022$10.7M · 141 accts · $360K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,062
Investment management$28,067
Total administrative$30,129
The Walther Farms LLC 401(k) match · 2024
Employer contribution per active participant$1,355
Median for plans this size$2,416
2024$1,355 per active participant
2023$1,202 per active participant
2022$1,551 per active participant

Walther Farms LLC'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 · 20242
PRINCIPAL SECURITIES INC · Investment advisory (plan)$28,067
CAPITAL GROUP RETIREMENT PLAN SVCS. · Trustee (directed) · Other services$2,062

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$30,129 · 0.24%
2023$2,612 · 0.02%
2022$2,300 · 0.02%
Same employer
Similar plansAgriculture, Forestry & Fishing · Michigan
Sietsema Farms Inc. MI$14.2M · 0.34%
Jm Longyear, LLC MI$12.1M · 0.42%
AG Business Solutions LLC MI$11.5M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382035017 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.