Plan Ledger DOL Form 5500 · updated monthly

Willard Agri-Service of Mt. Airy, Inc401(k)

WILLARD COMPANIES PROFIT SHARING PLAN · FREDERICK, MD · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Willard Agri-Service of Mt. Airy, Inc reported $14,086 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,222 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 fell from 0.10% to 0.08%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 703rd-largest of 1,671 plans among Maryland employers on file, and the 2,059th of 4,246 in wholesale trade. In 2024, employees put in $2.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$18,086,758
Participants with balances152
Active participants134
Employer contributions$297,703
Employee contributions$636,171
Employer contribution per active participant$2,222
Average account balance$118,992
Benefits paid to participants$2,148,699
Plan auditUnmodified (clean) audit opinion
AuditorMCLEAN ,KOEHLER ,SPARKS AND HAMOND
Plan history3
Yearassets · accounts · employer contribution
2024$18.1M · 152 accts · $298K emplr
2023$16.8M · 160 accts · $275K emplr
2022$15.2M · 144 accts · $330K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,586
Audit (IQPA)$11,500
Total administrative$14,086
The Willard Agri-Service of Mt. Airy, Inc 401(k) match · 2024
Employer contribution per active participant$2,222
Median for plans this size$2,416
2024$2,222 per active participant
2023$2,024 per active participant
2022$2,537 per active participant

Willard Agri-Service of Mt. Airy, 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 · 20242
ASCENSUS LLC · Loan processing · Recordkeeping$2,586
MCLEAN, KOEHLER, SPARKS AND HAMMOND · Accounting / audit$11,500

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$14,086 · 0.08%
2023$13,700 · 0.09%
2022$17,704 · 0.10%
Similar plansWholesale Trade · Maryland
Aireco Supply, Inc. MD$29.8M · 0.19%
Bell Nursery USA LLC MD$19.5M · 0.39%
Leadiant Biosciences, Inc. MD$19.4M · 0.08%
S.H. Tevis & Son Inc. MD$17.0M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520857975 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.