Plan Ledger DOL Form 5500 · updated monthly

Willoway Nurseries, Inc.401(k)

WILLOWAY NURSERIES, INC. 401(K) PROFIT SHARING PLAN AND TRUST · AVON, OH · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Willoway Nurseries, Inc. reported $67,862 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $1,680 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 1.16% to 0.43%. 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 the 1,516th-largest of 3,295 plans among Ohio employers on file, and the 301st of 945 in agriculture, forestry & fishing. In 2024, employees put in $2.92 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,517,698
Participants with balances165
Active participants148
Employer contributions$248,625
Employee contributions$725,243
Employer contribution per active participant$1,680
Average account balance$100,107
Benefits paid to participants$1,374,212
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.5M · 165 accts · $249K emplr
2023$15.0M · 151 accts · $216K emplr
2022$12.5M · 165 accts · $235K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$67,862
Total administrative$67,862
The Willoway Nurseries, Inc. 401(k) match · 2024
Employer contribution per active participant$1,680
Median for plans this size$2,416
2024$1,680 per active participant
2023$1,493 per active participant
2022$1,570 per active participant

Willoway Nurseries, 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 · 20245
NATIONWIDE · Recordkeeping · Investment advisory (participants)$47,781
MGO ONE SEVEN, LLC · Investment advisory (participants) · Investment advisory (plan)$2,752
MGO SECURITIES CORPindirect comp
MEADEN AND MOORE · Accounting / auditindirect comp
MGO ONE SEVEN · Loan processingindirect comp

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

Recordkeeper by year2
2024Nationwide
2023Nationwide

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

Administrative cost history3
2024$67,862 · 0.43%
2023$56,097 · 0.41%
2022$135,463 · 1.16%
Same employer
Similar plansAgriculture, Forestry & Fishing · Ohio
Lanco, Inc. OH$25.0M · 0.25%
Koenig Equipment, Inc. OH$20.3M · 0.46%
Coba/Select Sires, Inc. OH$18.6M · 0.13%
United Producers, Inc. OH$14.7M · 0.19%
The Motz Corporation OH$13.1M · 0.01%
Luckey Farmers, Inc. OH$10.4M · 0.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341038898 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.