Plan Ledger DOL Form 5500 · updated monthly

Bake'n Joy Foods, Inc.401(k)

BAKE'N JOY FOODS 401(K) PLAN · NORTH ANDOVER, MA · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

Bake'n Joy Foods, Inc. reported $145,381 in plan administrative expenses for 2024: 0.57% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,992 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 3 years on file its reported administrative ratio has held roughly steady near 0.57%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,090th-largest of 2,726 plans among Massachusetts employers on file, and the 4,893rd of 13,661 in manufacturing. In 2024, employees put in $3.39 for every $1.00 the employer contributed; active participation has grown from 237 to 261 since 2022.

Plan summary
Net assets, end of year$26,787,685
Participants with balances304
Active participants261
Employer contributions$519,917
Employee contributions$1,763,074
Employer contribution per active participant$1,992
Average account balance$88,117
Benefits paid to participants$2,590,836
Plan auditUnmodified (clean) audit opinion
AuditorTONNESON & CO.
Plan history3
Yearassets · accounts · employer contribution
2024$26.8M · 304 accts · $520K emplr
2023$24.0M · 293 accts · $460K emplr
2022$23.0M · 280 accts · $446K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$88,306
Investment management$48,225
Total administrative$145,381
The Bake'n Joy Foods, Inc. 401(k) match · 2024
Employer contribution per active participant$1,992
Median for plans this size$2,416
2024$1,992 per active participant
2023$1,749 per active participant
2022$1,881 per active participant

Bake'n Joy Foods, Inc.'s 2024 employer contribution ran below the $2,416 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
LINCOLN NATIONAL CORPORATION · Contract administrator$88,306
MML INVESTORS SERVICES, LLC$48,225
ANGELL PENSION GROUP, INC$8,850

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

Administrative cost history3
2024$145,381 · 0.57%
2023$138,060 · 0.59%
2022$150,466 · 0.59%
Same employer
Similar plansManufacturing · Massachusetts
Nye Lubricants, Inc. MA$26.9M · 0.02%
Harmonic Drive LLC MA$26.9M · 0.27%
Plansee USA LLC MA$26.8M · 0.02%
Wmg Services, LLC MA$26.7M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042428824 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.