Two Farms Inc. 401(k) Review & Grade
Two Farms Inc. Employees' 401(k) Profit Sharing
Baltimore, MDAgriculture, Forestry, Fishing & Hunting6,116 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$208Employer $ per active participant
$398Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$32.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity6.9 / 5014th percentile for employer $ per participant
- Low cost4.7 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving0.9 / 156th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score6 / 100 · Grade F
This plan vs. peers
Peers: all industries, plans with 2,500–9,999 active participants (fewer than 30 industry peers) (2,386 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 14th |
| Lower admin cost | 19th |
| Employee saving | 6th |
| Peers that auto-enroll | 52% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($138,071 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Two Farms put in about $208 per active participant, below the typical peer ($2,062). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.35% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,274,122 |
| Participant (employee) contributions | $2,435,585 |
| Other contributions (incl. rollovers in) | $209,634 |
| Administrative expenses paid from the plan | $105,278 |
| Other admin expenses | $105,278 |
| Benefits paid out | $3,203,459 |
| Net assets, start / end of year | $27.7M / $32.7M |
| Active participants, start / end of year | 5,693 / 6,538 |
| Participants with account balances | 749 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | SC & H Attest Services |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $105,278 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015091741NAL0002157235001, received 2025-10-15, EIN 52-0275060, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.