Civic Intelligence

Shuman Farms Inc.

Plan context: Shuman Produce Inc. Cash Balance Plan

EIN 58-2287257 • Reidsville, GA • 20 filings • 4 plans

278 South Main StreetP.O. Box 550Reidsville, GA 30453
Current Snapshot

Latest Year

2024

2024 Participants

103

2024 Assets

$5,898,706

2024 Contributions

$862,417

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$5,898,706$2,949,353$0201520202024YearValue
$5,898,706Latest year 2024

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

103520201520202024YearValue
103Latest year 2024

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
20242103$5,898,706$862,417$8,373iApproximate average salary by contribution assumption: employee only about $209,325 at 4% or $139,550 at 6%; with 50% employer match about $139,550 at 4% or $93,033 at 6%; with 100% employer match about $104,662 at 4% or $69,775 at 6%.
Shuman Produce Inc. Cash Balance Plan-54$2,966,988$426,000$7,889iApproximate average salary by contribution assumption: employee only about $197,222 at 4% or $131,481 at 6%; with 50% employer match about $131,481 at 4% or $87,654 at 6%; with 100% employer match about $98,611 at 4% or $65,741 at 6%.
Shuman Farms Inc. Retirement Savings Plan-103$2,931,718$436,417$4,237iApproximate average salary by contribution assumption: employee only about $105,926 at 4% or $70,618 at 6%; with 50% employer match about $70,618 at 4% or $47,078 at 6%; with 100% employer match about $52,963 at 4% or $35,309 at 6%.
20232101$4,769,936$591,158$5,853iApproximate average salary by contribution assumption: employee only about $146,326 at 4% or $97,551 at 6%; with 50% employer match about $97,551 at 4% or $65,034 at 6%; with 100% employer match about $73,163 at 4% or $48,775 at 6%.
Shuman Produce Inc. Cash Balance Plan-64$2,490,997$206,209$3,222iApproximate average salary by contribution assumption: employee only about $80,550 at 4% or $53,700 at 6%; with 50% employer match about $53,700 at 4% or $35,800 at 6%; with 100% employer match about $40,275 at 4% or $26,850 at 6%.
Shuman Farms Inc. Retirement Savings Plan-101$2,278,939$384,949$3,811iApproximate average salary by contribution assumption: employee only about $95,284 at 4% or $63,523 at 6%; with 50% employer match about $63,523 at 4% or $42,349 at 6%; with 100% employer match about $47,642 at 4% or $31,761 at 6%.
2022294$3,755,962$632,209$6,726iApproximate average salary by contribution assumption: employee only about $168,141 at 4% or $112,094 at 6%; with 50% employer match about $112,094 at 4% or $74,729 at 6%; with 100% employer match about $84,070 at 4% or $56,047 at 6%.
Shuman Produce Inc. Cash Balance Plan-58$2,118,408$330,228$5,694iApproximate average salary by contribution assumption: employee only about $142,340 at 4% or $94,893 at 6%; with 50% employer match about $94,893 at 4% or $63,262 at 6%; with 100% employer match about $71,170 at 4% or $47,447 at 6%.
Shuman Farms Inc. Retirement Savings Plan-94$1,637,554$301,981$3,213iApproximate average salary by contribution assumption: employee only about $80,314 at 4% or $53,543 at 6%; with 50% employer match about $53,543 at 4% or $35,695 at 6%; with 100% employer match about $40,157 at 4% or $26,771 at 6%.
2021285$3,660,416$582,227$6,850iApproximate average salary by contribution assumption: employee only about $171,243 at 4% or $114,162 at 6%; with 50% employer match about $114,162 at 4% or $76,108 at 6%; with 100% employer match about $85,622 at 4% or $57,081 at 6%.
Shuman Produce Inc. Cash Balance Plan-51$2,025,196$294,110$5,767iApproximate average salary by contribution assumption: employee only about $144,172 at 4% or $96,114 at 6%; with 50% employer match about $96,114 at 4% or $64,076 at 6%; with 100% employer match about $72,086 at 4% or $48,057 at 6%.
Shuman Farms Inc. Retirement Savings Plan-85$1,635,220$288,117$3,390iApproximate average salary by contribution assumption: employee only about $84,740 at 4% or $56,494 at 6%; with 50% employer match about $56,494 at 4% or $37,662 at 6%; with 100% employer match about $42,370 at 4% or $28,247 at 6%.
2020272$2,869,187$599,289$8,323iApproximate average salary by contribution assumption: employee only about $208,086 at 4% or $138,724 at 6%; with 50% employer match about $138,724 at 4% or $92,483 at 6%; with 100% employer match about $104,043 at 4% or $69,362 at 6%.
Shuman Produce Inc. Cash Balance Plan-51$1,663,331$321,546$6,305iApproximate average salary by contribution assumption: employee only about $157,621 at 4% or $105,080 at 6%; with 50% employer match about $105,080 at 4% or $70,054 at 6%; with 100% employer match about $78,810 at 4% or $52,540 at 6%.
Shuman Farms Inc. Retirement Savings Plan-72$1,205,856$277,743$3,858iApproximate average salary by contribution assumption: employee only about $96,439 at 4% or $64,292 at 6%; with 50% employer match about $64,292 at 4% or $42,862 at 6%; with 100% employer match about $48,219 at 4% or $32,146 at 6%.
2019251$2,134,030$584,717$11,465iApproximate average salary by contribution assumption: employee only about $286,626 at 4% or $191,084 at 6%; with 50% employer match about $191,084 at 4% or $127,389 at 6%; with 100% employer match about $143,313 at 4% or $95,542 at 6%.
Shuman Produce Inc. Cash Balance Plan-46$1,307,445$350,000$7,609iApproximate average salary by contribution assumption: employee only about $190,217 at 4% or $126,812 at 6%; with 50% employer match about $126,812 at 4% or $84,541 at 6%; with 100% employer match about $95,109 at 4% or $63,406 at 6%.
Shuman Farms Inc. Retirement Savings Plan-51$826,585$234,717$4,602iApproximate average salary by contribution assumption: employee only about $115,057 at 4% or $76,705 at 6%; with 50% employer match about $76,705 at 4% or $51,137 at 6%; with 100% employer match about $57,529 at 4% or $38,352 at 6%.
2018218$1,313,348$430,053$23,892iApproximate average salary by contribution assumption: employee only about $597,296 at 4% or $398,197 at 6%; with 50% employer match about $398,197 at 4% or $265,465 at 6%; with 100% employer match about $298,648 at 4% or $199,099 at 6%.
Shuman Produce Inc. Cash Balance Plan-12$837,962$271,752$22,646iApproximate average salary by contribution assumption: employee only about $566,150 at 4% or $377,433 at 6%; with 50% employer match about $377,433 at 4% or $251,622 at 6%; with 100% employer match about $283,075 at 4% or $188,717 at 6%.
Shuman Farms Inc. Retirement Savings Plan-18$475,386$158,301$8,795iApproximate average salary by contribution assumption: employee only about $219,863 at 4% or $146,575 at 6%; with 50% employer match about $146,575 at 4% or $97,717 at 6%; with 100% employer match about $109,931 at 4% or $73,288 at 6%.
2017217$1,003,346$354,968$20,880iApproximate average salary by contribution assumption: employee only about $522,012 at 4% or $348,008 at 6%; with 50% employer match about $348,008 at 4% or $232,005 at 6%; with 100% employer match about $261,006 at 4% or $174,004 at 6%.
Shuman Produce Inc. Cash Balance Plan-13$624,834$213,426$16,417iApproximate average salary by contribution assumption: employee only about $410,435 at 4% or $273,623 at 6%; with 50% employer match about $273,623 at 4% or $182,415 at 6%; with 100% employer match about $205,217 at 4% or $136,812 at 6%.
Shuman Farms Inc. Retirement Savings Plan-17$378,512$141,542$8,326iApproximate average salary by contribution assumption: employee only about $208,150 at 4% or $138,767 at 6%; with 50% employer match about $138,767 at 4% or $92,511 at 6%; with 100% employer match about $104,075 at 4% or $69,383 at 6%.
2016214$593,612$324,626$23,188iApproximate average salary by contribution assumption: employee only about $579,689 at 4% or $386,460 at 6%; with 50% employer match about $386,460 at 4% or $257,640 at 6%; with 100% employer match about $289,845 at 4% or $193,230 at 6%.
Shuman Produce Inc. Cash Balance Plan-13$394,562$198,947$15,304iApproximate average salary by contribution assumption: employee only about $382,590 at 4% or $255,060 at 6%; with 50% employer match about $255,060 at 4% or $170,040 at 6%; with 100% employer match about $191,295 at 4% or $127,530 at 6%.
Shuman Farms Inc. Retirement Savings Plan-14$199,050$125,679$8,977iApproximate average salary by contribution assumption: employee only about $224,427 at 4% or $149,618 at 6%; with 50% employer match about $149,618 at 4% or $99,745 at 6%; with 100% employer match about $112,213 at 4% or $74,809 at 6%.
2015211$264,466$264,466$24,042iApproximate average salary by contribution assumption: employee only about $601,059 at 4% or $400,706 at 6%; with 50% employer match about $400,706 at 4% or $267,137 at 6%; with 100% employer match about $300,530 at 4% or $200,353 at 6%.
Shuman Produce Inc. Cash Balance Plan-11$194,910$194,910$17,719iApproximate average salary by contribution assumption: employee only about $442,977 at 4% or $295,318 at 6%; with 50% employer match about $295,318 at 4% or $196,879 at 6%; with 100% employer match about $221,489 at 4% or $147,659 at 6%.
Shuman Farms Inc. Retirement Savings Plan-11$69,556$69,556$6,323iApproximate average salary by contribution assumption: employee only about $158,082 at 4% or $105,388 at 6%; with 50% employer match about $105,388 at 4% or $70,259 at 6%; with 100% employer match about $79,041 at 4% or $52,694 at 6%.