Plan Ledger DOL Form 5500 · updated monthly

Wheat's Lawn & Custom Landscaping, Inc.401(k)

WHEAT'S LAWN & CUSTOM LANDSCAPING, INC. 401(K) PLAN · MCLEAN, VA · plan year 2024

Reported admin expense ratio · 2024
0.92%

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

Wheat's Lawn & Custom Landscaping, Inc. reported $69,053 in plan administrative expenses for 2024: 0.92% of average plan assets, higher than ~75% of peers. Employer contributions averaged $899 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 3 years on file its reported administrative ratio has held roughly steady near 0.92%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Virginia (1,599th of 2,266), and 8,691st of 11,654 in professional & technical services. In 2024, employees put in $2.34 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,990,208
Participants with balances258
Active participants178
Employer contributions$160,000
Employee contributions$374,611
Employer contribution per active participant$899
Average account balance$30,970
Benefits paid to participants$346,445
Plan auditUnmodified (clean) audit opinion
AuditorKEITH LINDAHL CPA PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$8.0M · 258 accts · $160K emplr
2023$7.0M · 263 accts · $161K emplr
2022$6.1M · 287 accts · $165K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$47,239
Investment management$21,814
Total administrative$69,053
The Wheat's Lawn & Custom Landscaping, Inc. 401(k) match · 2024
Employer contribution per active participant$899
Median for plans this size$1,313
2024$899 per active participant
2023$939 per active participant
2022$838 per active participant

Wheat's Lawn & Custom Landscaping, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20241
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$2,890

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$69,053 · 0.92%
2023$62,737 · 0.96%
2022$55,997 · 0.88%
Similar plansProfessional & Technical Services · Virginia
G2 Ops, Inc. VA$8.2M · 0.01%
Ambit Group LLC VA$8.1M · 0.88%
Xor Security LLC VA$8.1M · 0.26%
Sehlke Consulting LLC VA$8.0M · 0.79%
Mlt Systems LLC VA$8.0M · 0.10%
Thor Solutions, LLC VA$7.9M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541431049 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.