Plan Ledger DOL Form 5500 · updated monthly

Wayfield Foods, Inc.ESOP

WAYFIELD FOODS, INC. EMPLOYEE STOCK OWNERSHIP PLAN · LITHIA SPRINGS, GA · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Wayfield Foods, Inc. reported $24,695 in plan administrative expenses for 2024: 0.14% of average plan assets, below the peer median. Employer contributions averaged $3,876 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 0.01% to 0.14%. 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 933rd-largest of 2,160 plans among Georgia employers on file, and the 1,642nd of 5,215 in retail trade.

Plan summary
Net assets, end of year$17,838,948
Participants with balances385
Active participants258
Employer contributions$1,000,000
Employee contributions—
Employer contribution per active participant$3,876
Average account balance$46,335
Benefits paid to participants$632,426
Plan auditUnmodified (clean) audit opinion
AuditorNICHOLS CAULEY
Plan history3
Yearassets · accounts · employer contribution
2024$17.8M · 385 accts · $1.0M emplr
2023$17.2M · 362 accts · $2.0M emplr
2022$13.1M · 330 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,695
Total administrative$24,695
Employer contributions to the Wayfield Foods, Inc. plan · 2024
Employer contribution per active participant$3,876
Median for plans this size$2,416
2024$3,876 per active participant
2023$7,605 per active participant
2022$6,751 per active participant

Wayfield Foods, Inc.'s 2024 employer contribution ran above 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.

Administrative cost history3
2024$24,695 · 0.14%
2023$3,677 · 0.02%
2022$1,054 · 0.01%
Same employer
Similar plansRetail Trade · Georgia
Kennesaw Motor Sales, Inc. GA$23.0M · 0.05%
Citi Trends, Inc. GA$18.9M · 0.20%
Pull-A-Part LLC GA$18.3M · 0.05%
Vaden Holding, Inc. GA$17.7M · 0.66%
Currey & Company, Inc. GA$16.2M · 0.01%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 581463454 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.