Kentucky › Wholesale trade › 500 to 999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Creation Gardens 401(k) Retirement Savings Plan
Sponsored by Creation Gardens, Inc., Louisville, KY
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
In the plan year ending 31 Dec 2024, Creation Gardens 401(k) Retirement Savings Plan covered 992 participants and held $13.5M in net assets. The plan is a 401(k) plan sponsored by Creation Gardens, Inc. of Louisville, Kentucky.
Net assets came to $13,623 per participant, well below the $46,267 median for defined contribution plans with 500 to 999 participants and well below the $65,557 median for defined contribution plans in wholesale trade. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $720K during the year, or $759 per active participant against a same-size median of $1,934; participants contributed $1.9M. Benefits paid out totalled $805K.
Schedule C lists 2 service provider organisations paid $5,000 or more, with reported compensation of $97K: $97.31 per participant, below the same-size median of $113. Administrative expenses charged to the plan were $95K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $3.9M in 2018 to $13.5M in 2024 (up 242%), and participants from 311 to 992 (up 219%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $13,623 | $46,267 | $65,557 | $53,102 |
| Employer contributions per active participant | $759 | $1,934 | $2,107 | $2,175 |
| Schedule C compensation per participant | $97.31 | $113 | $153 | $123 |
| Schedule C compensation, share of net assets | 0.71% | 0.25% | 0.27% | 0.26% |
| Administrative expenses per participant | $96.10 | $109 | $147 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 500 to 999 participants (10,588 plans), wholesale trade (3,526) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 992 | $13.5M | $13,623 | $720K | $1.9M | $97K |
| 2023 | 865 | $10.4M | $12,009 | $663K | $1.6M | $73K |
| 2022 | 691 | $7.5M | $10,923 | $350K | $1.2M | $63K |
| 2021 | 519 | $7.4M | $14,195 | $171K | $852K | $48K |
| 2020 | 442 | $5.2M | $11,656 | $54K | $582K | $44K |
| 2019 | 370 | $5.5M | $14,922 | $252K | $696K | $33K |
| 2018 | 311 | $3.9M | $12,688 | $222K | $554K | $25K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$10,387,745
- Employer contributions$719,623
- Participant contributions$1,854,402
- Rollovers and other contributions—
- Total contributions$2,574,025
- Total income, including investment results$4,026,293
- Benefits paid$804,678
- Administrative expenses$95,330
- Total expenses$900,008
- Net income$3,126,285
- Net transfers$0
- Net assets, end of year$13,514,030
Participants
- Active participants948
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits44
- Participants with account balances302
- Total participants, end of year992
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Stancorp Financial Group | Claims processing; Recordkeeping and information management; Custodial (other than securities); Custodial (securities) | $67,062 | $1,206 |
| Raymond James and Associates, Inc. | Investment advisory (plan) | $28,266 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Contract administrator fees$67,064
- Investment advisory and management fees$28,266
- Total administrative expenses$95,330
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Common/collective trusts$8.4M · 62.4%
- Registered investment companies (mutual funds)$4.8M · 35.3%
- Cash (interest and non-interest bearing)$305K · 2.3%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmJones, Nale, and Mattingly PLC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature2TTotal or partial participant-directed account plan with a default investment account3DPre-approved pension plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 424400: Grocery & Related Products.
Similar plans in Kentucky
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Alliance Entertainment 401(k) Plan | Alliance Entertainment | 1,533 | $38.5M | $25,082 |
| Whatever IT Takes Transmission & Parts, Inc. ESOP | Whatever IT Takes Transmission & Parts, Inc. | 912 | $53.1M | $58,218 |
| Castellini Employee Savings and Profit Sharing Plan | Castellini Company LLC | 1,580 | $53.2M | $33,649 |
| Hutson Inc. 401(k) Profit Sharing Plan | Hutson Inc. | 870 | $50.0M | $57,430 |
| P.l Marketing, Inc. Employee Stock Ownership Plan | P.L. Marketing, Inc. | 1,619 | $69.0M | $42,608 |
| Saver Group, Inc. Employee Stock Ownership Plan | Saver Group, Inc. | 864 | $6.9M | $7,983 |
Defined contribution plans in wholesale trade closest in size.
Questions and answers
How big is Creation Gardens 401(k) Retirement Savings Plan?
992 participants at the end of the plan year ending 31 Dec 2024, of whom 948 were active employees, with net assets of $13,514,030. Among defined contribution plans that places it in the 500 to 999 participants band, which held 10,588 plans in plan year 2024.
What does Creation Gardens, Inc. contribute per participant?
The filing reports $719,623 in employer contributions for the year, which is $759 per active participant; the median for plans of the same type and size was $1,934 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $96,534 in compensation to service provider organisations, $97.31 per participant or 0.71% of net assets. The same-size median among plans reporting any Schedule C compensation was $113 per participant. Administrative expenses on Schedule H were $95,330. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Creation Gardens, Inc.. Recordkeeping or administration: Stancorp Financial Group. Investment advisory or management: Raymond James and Associates, Inc.. Trustee or custodian: Stancorp Financial Group. The financial statements were audited by Jones, Nale, and Mattingly PLC. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 2 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 61-0212680, plan 004, received 2 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.