Plan Ledger DOL Form 5500 · updated monthly

Baldor Specialty Foods, Inc.DC plan

BALDOR SPECIALTY FOODS, INC. 401(K) PROFIT SHARING PLAN · BRONX, NY · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Baldor Specialty Foods, Inc. reported $27,118 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $952 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 fell from 0.25% to 0.04%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,094th-largest of 5,648 plans among New York employers on file, and the 2,130th of 11,654 in professional & technical services. In 2024, employees put in $1.45 for every $1.00 the employer contributed; active participation has grown from 1,510 to 3,399 since 2022.

Plan summary
Net assets, end of year$67,465,686
Participants with balances2,934
Active participants3,399
Employer contributions$3,235,933
Employee contributions$4,677,100
Employer contribution per active participant$952
Average account balance$22,994
Benefits paid to participants$6,082,698
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$67.5M · 2,934 accts · $3.2M emplr
2023$57.6M · 2,645 accts · $3.2M emplr
2022$45.0M · 2,273 accts · $2.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,909
Audit (IQPA)$209
Total administrative$27,118
Employer contributions to the Baldor Specialty Foods, Inc. plan · 2024
Employer contribution per active participant$952
Median for plans this size$3,635
2024$952 per active participant
2023$1,144 per active participant
2022$1,740 per active participant

Baldor Specialty Foods, Inc.'s 2024 employer contribution ran below the $3,635 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
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$26,909

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

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

Administrative cost history3
2024$27,118 · 0.04%
2023$11,887 · 0.02%
2022$118,812 · 0.25%
Same employer
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Kobre & Kim LLP NY$67.8M · 0.00%
Fingerpaint Marketing, Inc. NY$67.2M · 0.36%
Integral Ad Science, Inc. NY$66.7M · 0.20%
Lumsden & McCormick, LLP NY$66.4M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 113059167 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.