Plan Ledger DOL Form 5500 · updated monthly

Bakery Express of Central Florida401(k)

BECF 401(K) PLAN · ORLANDO, FL · plan year 2024

Reported admin expense ratio · 2024
1.04%

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

Bakery Express of Central Florida reported $46,430 in plan administrative expenses for 2024: 1.04% of average plan assets, higher than ~75% of peers. Employer contributions averaged $716 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 1.04%. 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 (2,497th of 3,644), and 11,230th of 13,661 in manufacturing. In 2024, employees put in $3.09 for every $1.00 the employer contributed; active participation has grown from 207 to 241 since 2022.

Plan summary
Net assets, end of year$4,957,881
Participants with balances234
Active participants241
Employer contributions$172,486
Employee contributions$533,046
Employer contribution per active participant$716
Average account balance$21,188
Benefits paid to participants$236,237
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.0M · 234 accts · $172K emplr
2023$4.0M · 209 accts · $147K emplr
2022$3.2M · 196 accts · $128K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,872
Investment management$12,558
Total administrative$46,430
The Bakery Express of Central Florida 401(k) match · 2024
Employer contribution per active participant$716
Median for plans this size$1,313
2024$716 per active participant
2023$692 per active participant
2022$617 per active participant

Bakery Express of Central Florida's 2024 employer contribution ran below the $1,313 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
ADP, INC. · Loan processing · Recordkeeping$33,872
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$12,558
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$46,430 · 1.04%
2023$38,291 · 1.07%
2022$34,396 · 1.06%
Same employer
Similar plansManufacturing · Florida
Caribbean Distillers, LLC FL$5.2M · 0.39%
Teakdecking Systems, Inc. FL$5.1M · 0.64%
Skagfield Corporation FL$4.8M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593369097 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.