Plan Ledger DOL Form 5500 · updated monthly

Wilcox Farms, Inc.401(k)

WILCOX FARMS, INC. 401(K) PROFIT SHARING PLAN · ROY, WA · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

Wilcox Farms, Inc. reported $72,466 in plan administrative expenses for 2024: 0.57% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,466 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 0.53% to 0.57%. 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 Washington (901st of 1,714), and the 361st of 945 in agriculture, forestry & fishing. In 2024, employees put in $2.94 for every $1.00 the employer contributed; active participation has grown from 220 to 262 since 2022.

Plan summary
Net assets, end of year$13,679,537
Participants with balances295
Active participants262
Employer contributions$384,167
Employee contributions$1,129,862
Employer contribution per active participant$1,466
Average account balance$46,371
Benefits paid to participants$898,521
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.7M · 295 accts · $384K emplr
2023$11.6M · 260 accts · $379K emplr
2022$9.6M · 281 accts · $309K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$72,466
Total administrative$72,466
The Wilcox Farms, Inc. 401(k) match · 2024
Employer contribution per active participant$1,466
Median for plans this size$2,416
2024$1,466 per active participant
2023$1,676 per active participant
2022$1,402 per active participant

Wilcox Farms, Inc.'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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$72,466

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$72,466 · 0.57%
2023$61,948 · 0.59%
2022$53,848 · 0.53%
Same employer
Similar plansAgriculture, Forestry & Fishing · Washington
Aero-Flite, Inc. WA$18.6M · 0.03%
Rch Fruit Co., Inc. WA$14.0M · 0.03%
US Marine Corporation WA$13.7M · 0.41%
Smith Gardens, Inc. WA$13.1M · 0.61%
Firstfruits Holdco, LLC WA$10.8M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 910735213 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.