Plan Ledger DOL Form 5500 · updated monthly

American Plant Food Corporation401(k)

APF RETIREMENT PLAN · GALENA PARK, TX · plan year 2023

Reported admin expense ratio · 2023
0.58%

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

American Plant Food Corporation reported $75,563 in plan administrative expenses for 2023: 0.58% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,407 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 rose from 0.53% to 0.58%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other wholesale trade employers. By assets it is the 2,548th-largest of 5,688 plans among Texas employers on file, and 2,474th of 4,246 in wholesale trade. In 2023, employees put in $1.52 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,958,701
Participants with balances80
Active participants108
Employer contributions$367,912
Employee contributions$557,435
Employer contribution per active participant$3,407
Average account balance$174,484
Benefits paid to participants$1,493,821
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$14.0M · 80 accts · $368K emplr
2022$12.0M · 103 accts · $402K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$75,563
Total administrative$75,563
The American Plant Food Corporation 401(k) match · 2023
Employer contribution per active participant$3,407
Median for plans this size$2,440
2023$3,407 per active participant
2022$4,229 per active participant

American Plant Food Corporation's 2023 employer contribution ran above the $2,440 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 · 20232
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$43,421
NOVA 401(K) ASSOCIATES · Contract administrator$4,300

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$75,563 · 0.58%
2022$62,100 · 0.53%
Same employer
Similar plansWholesale Trade · Texas
All-Pro Fasteners, Inc. TX$14.4M · 0.15%
Shoplc Global, Inc. TX$14.3M · 0.29%
Tramontina USA, Inc. TX$14.2M · 0.41%
Reece Supply Company, Inc. TX$13.8M · 0.57%
Refinery Specialties Inc. TX$13.4M · 0.03%
Varidesk, LLC TX$13.3M · 0.62%
Steve Silver Company TX$13.3M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 741498206 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.