Plan Snapshot
- Plan Sponsor: Perdue Farms INC
- Sponsor EIN: 520888853
- Sponsor Address: PO BOX 1537, SALISBURY, MD, 218021537
- Plan Type: 401(k)
- Total Participants: 19,477
- Total Assets: $708.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 19,477 | $708.4M | $22.6M | $38.6M |
| 2023 | 18,867 | $661.9M | $21.5M | $36.0M |
| 2022 | 18,319 | $583.6M | $21.3M | $34.8M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $595,627 | — | $595,627 |
| CAPFINANCIAL PARTNERS LLC | NONE | $105,811 | — | $105,811 |
| FAW CASSON | NONE | $21,500 | — | $21,500 |
| VENABLE LLP | NONE | $10,967 | — | $10,967 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FAW CASSON — NONE
- VENABLE LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $733,905
- Estimated Expense Ratio: 0.104% 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 | $645,379 | $105,811 | $505,101 | $21,500 | — |
| 2023 | $610,253 | $101,541 | $351,230 | — | — |
| 2022 | $593,598 | — | — | — | — |