Plan Ledger DOL Form 5500 · updated monthly

Wish Farms, Inc.401(k)

WISH FARMS 401(K) PLAN · PLANT CITY, FL · plan year 2024

Reported admin expense ratio · 2024
0.50%

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

Wish Farms, Inc. reported $52,825 in plan administrative expenses for 2024: 0.50% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,654 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 0.11% to 0.50%. 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 1,684th-largest of 3,644 plans among Florida employers on file, and 2,780th of 4,246 in wholesale trade. In 2024, employees put in $1.97 for every $1.00 the employer contributed; active participation has shrunk from 513 to 261 since 2022.

Plan summary
Net assets, end of year$11,050,000
Participants with balances150
Active participants261
Employer contributions$431,693
Employee contributions$849,282
Employer contribution per active participant$1,654
Average account balance$73,667
Benefits paid to participants$2,199,711
Plan auditUnmodified (clean) audit opinion
AuditorGARCIA & ORTIZ, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$11.1M · 150 accts · $432K emplr
2023$10.2M · 175 accts · $400K emplr
2022$9.0M · 190 accts · $403K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,825
Total administrative$52,825
The Wish Farms, Inc. 401(k) match · 2024
Employer contribution per active participant$1,654
Median for plans this size$2,416
2024$1,654 per active participant
2023$894 per active participant
2022$785 per active participant

Wish 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$47,049
ORENDA RETIREMENT, LLC · Contract administrator · Other services$5,775
WELLS FARGO CLEARING SVCS (WF ADVS) · Investment advisory (plan)indirect comp

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$52,825 · 0.50%
2023$40,572 · 0.42%
2022$11,329 · 0.11%
Same employer
Similar plansWholesale Trade · Florida
Xec, LLC FL$11.5M · 0.30%
First Nation Group LLC FL$11.4M · 0.02%
Aamp of Florida, Inc FL$11.3M · 0.60%
AP4 Group LLC FL$11.0M · 0.19%
Club Assist US LLC FL$11.0M · 0.58%
Jerry Pate Company FL$10.4M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593739152 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.