Plan Ledger DOL Form 5500 · updated monthly

Bel Brands USA, Inc.401(k)

BEL BRANDS USA 401(K) AND PROFIT SHARING PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Bel Brands USA, Inc. reported $82,479 in plan administrative expenses for 2024: 0.11% of average plan assets, below the peer median. Employer contributions averaged $4,049 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 0.12% to 0.11%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 658th-largest of 3,702 plans among Illinois employers on file, and the 2,254th of 13,661 in manufacturing. In 2024, employees put in $1.70 for every $1.00 the employer contributed; active participation has shrunk from 819 to 729 since 2022.

Plan summary
Net assets, end of year$79,601,631
Participants with balances888
Active participants729
Employer contributions$2,951,737
Employee contributions$5,019,097
Employer contribution per active participant$4,049
Average account balance$89,641
Benefits paid to participants$9,268,845
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$79.6M · 888 accts · $3.0M emplr
2023$70.1M · 912 accts · $2.9M emplr
2022$58.8M · 979 accts · $2.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$82,479
Total administrative$82,479
The Bel Brands USA, Inc. 401(k) match · 2024
Employer contribution per active participant$4,049
Median for plans this size$3,635
2024$4,049 per active participant
2023$3,880 per active participant
2022$3,113 per active participant

Bel Brands USA, Inc.'s 2024 employer contribution ran above the $3,635 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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$82,479

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$82,479 · 0.11%
2023$90,312 · 0.14%
2022$78,514 · 0.12%
All plans at this employer2
BEL BRANDS USA 401(K) AND PROFIT SHARING PLAN401(k)
BEL WISCONSIN HOURLY 401(K) PLAN401(k)
Same employer
Similar plansManufacturing · Illinois
Scholle Corporation IL$87.2M · 0.44%
C.E. Niehoff & Co. IL$82.7M · 0.22%
Drl Enterprises, Inc. IL$82.2M · 0.01%
Siemer Milling Company IL$80.2M · 0.12%
Grayhill, Inc. IL$77.7M · 0.17%
Rj van Drunen & Sons, Inc. IL$77.6M · 0.16%
Rtc Industries, Inc. IL$76.3M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222019556 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.