Plan Ledger DOL Form 5500 · updated monthly

Badia Spices, Inc.401(k)

BADIA SPICES, LLC 401(K) PLAN · DORAL, FL · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Badia Spices, Inc. reported $29,907 in plan administrative expenses for 2024: 0.33% of average plan assets, below the peer median. Employer contributions averaged $470 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Florida (1,877th of 3,644), and 9,153rd of 13,661 in manufacturing. In 2024, employees put in $2.56 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,179,518
Participants with balances264
Active participants637
Employer contributions$299,645
Employee contributions$767,587
Employer contribution per active participant$470
Average account balance$34,771
Benefits paid to participants$570,101
Plan auditUnmodified (clean) audit opinion
AuditorTEMPLETON ACCOUNTANTS & ADVISORS
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,027
Investment management$880
Total administrative$29,907
The Badia Spices, Inc. 401(k) match · 2024
Employer contribution per active participant$470
Median for plans this size$1,313

Badia Spices, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. 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 · 20241
JOHN HANCOCK · Recordkeeping · Loan processing$29,035

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

Administrative cost history1
2024$29,907 · 0.33%
Same employer
Similar plansManufacturing · Florida
Beam Associates, LLC FL$9.4M · 0.41%
Microflex, Inc. FL$9.3M · 0.07%
Rex Three, Inc. FL$9.2M · 0.58%
Saminco, Inc. FL$9.0M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591435632 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.