Plan Snapshot
- Plan Sponsor: Farmer Boy Ag, INC.
- Sponsor EIN: 251778976
- Sponsor Address: 50 W. STOEVER AVE., MYERSTOWN, PA, 17067
- Plan Type: 401(k)
- Total Participants: 123
- Total Assets: $23.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 123 | $23.9M | $1.2M | $458,856 |
| 2023 | 108 | $19.8M | $1.1M | $509,187 |
| 2022 | 106 | $16.0M | $73,438 | $364,100 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FULTON FINANCIAL ADVISORS | NONE | $71,440 | — | $71,440 |
| BROWN PLUS | NONE | $13,540 | — | $13,540 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BROWN PLUS — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $84,980
- Estimated Expense Ratio: 0.356% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $79,036 | $62,553 | — | $13,540 | — |
| 2023 | $73,696 | $53,712 | — | $10,970 | — |
| 2022 | $76,804 | — | — | — | $76,804 |