Plan Ledger DOL Form 5500 · updated monthly

Baker's Burgers, Inc401(k)

BAKER'S BURGERS, INC. PROFIT SHARING 401(K) PLAN · RIVERSIDE, CA · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Baker's Burgers, Inc reported $26,785 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $497 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 rose from 0.17% to 0.18%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 4,297th-largest of 9,483 plans among California employers on file, and the 2,395th of 5,337 in construction. In 2024, employees put in $1.99 for every $1.00 the employer contributed; active participation has shrunk from 730 to 473 since 2022.

Plan summary
Net assets, end of year$15,576,054
Participants with balances252
Active participants473
Employer contributions$235,155
Employee contributions$468,348
Employer contribution per active participant$497
Average account balance$61,810
Benefits paid to participants$547,289
Plan auditUnmodified (clean) audit opinion
AuditorTALLEY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$15.6M · 252 accts · $235K emplr
2023$13.9M · 272 accts · $228K emplr
2022$12.1M · 282 accts · $217K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,900
Investment management$23,885
Total administrative$26,785
The Baker's Burgers, Inc 401(k) match · 2024
Employer contribution per active participant$497
Median for plans this size$2,416
2024$497 per active participant
2023$407 per active participant
2022$297 per active participant

Baker's Burgers, Inc's 2024 employer contribution ran below the $2,416 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 USA · Recordkeeping · Investment management$1,330

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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Administrative cost history3
2024$26,785 · 0.18%
2023$23,419 · 0.18%
2022$22,836 · 0.17%
Same employer
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Telstar Instruments CA$15.8M · 0.05%
System Pavers, LLC CA$15.7M · 0.62%
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Kana Pipeline, Inc. CA$15.3M · 0.49%
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S.B.C.C., Inc. CA$15.2M · 0.86%

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Source: U.S. Department of Labor, Form 5500 series, EIN 952592162 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.