Plan Ledger DOL Form 5500 · updated monthly

Benson's, Inc.401(k)

BENSON'S, INC. 401(K) RETIREMENT PLAN · BOGART, GA · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Benson's, Inc. reported $10,414 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,227 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 0.11% to 0.12%. 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 Georgia (1,285th of 2,160), and 9,059th of 13,661 in manufacturing. In 2024, employees put in $2.17 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,391,905
Participants with balances194
Active participants258
Employer contributions$316,667
Employee contributions$686,509
Employer contribution per active participant$1,227
Average account balance$48,412
Benefits paid to participants$788,713
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.4M · 194 accts · $317K emplr
2023$8.2M · 188 accts · $321K emplr
2022$7.3M · 179 accts · $295K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,414
Total administrative$10,414
The Benson's, Inc. 401(k) match · 2024
Employer contribution per active participant$1,227
Median for plans this size$1,313
2024$1,227 per active participant
2023$1,239 per active participant
2022$1,103 per active participant

Benson's, Inc.'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 · 20241
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$10,414

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

Recordkeeper by year2
2024The Standard
2023The Standard

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

Administrative cost history3
2024$10,414 · 0.12%
2023$8,388 · 0.11%
2022$7,671 · 0.11%
Same employer
Similar plansManufacturing · Georgia
Rem Arms LLC GA$9.8M · 0.59%
Polyventive LLC GA$9.6M · 0.76%
Refrigiwear, LLC GA$9.3M · 0.51%
Southeast Culvert, Inc. GA$9.2M · 0.93%
Polyvision Corporation GA$9.2M · 0.49%
Apache Mills, Inc. GA$8.8M · 0.76%

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Source: U.S. Department of Labor, Form 5500 series, EIN 580706012 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.