Plan Ledger DOL Form 5500 · updated monthly

American Beef Packers Inc401(k)

AMERICAN BEEF PACKERS INC 401(K) PROFIT SHARING PLAN & TRUST · CHINO, CA · plan year 2023

Reported admin expense ratio · 2023
0.84%

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

American Beef Packers Inc reported $9,337 in plan administrative expenses for 2023: 0.84% of average plan assets, higher than ~75% of peers. Employer contributions averaged $957 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 1 year on file its reported administrative ratio fell from 1.15% to 0.84%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in California (8,556th of 9,483), and 2,058th of 2,534 in administrative & support services. In 2023, employees put in $1.48 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,469,842
Participants with balances95
Active participants256
Employer contributions$245,092
Employee contributions$361,785
Employer contribution per active participant$957
Average account balance$15,472
Benefits paid to participants$92,706
Plan auditUnmodified (clean) audit opinion
AuditorPLANCHECK CPAS
Plan history2
Yearassets · accounts · employer contribution
2023$1.5M · 95 accts · $245K emplr
2022$750K · 110 accts · $210K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$9,337
Total administrative$9,337
The American Beef Packers Inc 401(k) match · 2023
Employer contribution per active participant$957
Median for plans this size$1,308
2023$957 per active participant
2022$784 per active participant

American Beef Packers Inc's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
ACCELERATE INVESTMENT · Investment advisory (plan)$2,934
DRS DBA ASCEND RETIREMENT · Contract administrator$2,098

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

Administrative cost history2
2023$9,337 · 0.84%
2022$6,101 · 1.15%
Same employer
Similar plansAdministrative & Support Services · California
Ursus Inc CA$1.6M · 1.34%
One Silver Serve, Inc. CA$1.5M · 1.24%
Homeguard, Incorporated CA$1.4M · 2.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 263049832 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.