Plan Ledger DOL Form 5500 · updated monthly

Advanced Fresh Concepts Corporation401(k)

AFC 401(K) RETIREMENT PLAN · TORRANCE, CA · plan year 2024

Reported admin expense ratio · 2024
0.49%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Advanced Fresh Concepts Corporation reported $44,819 in plan administrative expenses for 2024: 0.49% of average plan assets, below the peer median. Employer contributions averaged $765 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.65% to 0.49%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in California (5,451st of 9,483), and 2,916th of 4,246 in wholesale trade. In 2024, employees put in $3.74 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,012,197
Participants with balances209
Active participants432
Employer contributions$330,375
Employee contributions$1,236,495
Employer contribution per active participant$765
Average account balance$47,905
Benefits paid to participants$869,681
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.0M · 209 accts · $330K emplr
2023$8.2M · 143 accts · $253K emplr
2022$8.1M · 143 accts · $167K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,850
Investment management$42,969
Total administrative$44,819
The Advanced Fresh Concepts Corporation 401(k) match · 2024
Employer contribution per active participant$765
Median for plans this size$1,313
2024$765 per active participant
2023$552 per active participant
2022$369 per active participant

Advanced Fresh Concepts Corporation's 2024 employer contribution ran below the $1,313 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
MORGAN STANLEY SMITH BARNEY · Recordkeeping · Trustee$25,974
ADP, INC. · Loan processing · Recordkeeping$18,844
ADP BROKER-DEALERindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADP, Morgan Stanley
2023John Hancock

This plan has changed recordkeepers within these filings. If you left Advanced Fresh Concepts Corporation before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$44,819 · 0.49%
2023$41,406 · 0.51%
2022$55,112 · 0.65%
Same employer
Similar plansWholesale Trade · California
Wpg Americas, Inc. CA$10.2M · 0.24%
Eastman Strings Inc CA$10.0M · 0.57%
Taylored Services, LLC CA$9.9M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330194011 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.