Plan Ledger DOL Form 5500 · updated monthly

Blount Fine Foods401(k)

BLOUNT FINE FOODS CORP 401(K) AND PROFIT SHARING PLAN · FALL RIVER, MA · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Blount Fine Foods reported $240,333 in plan administrative expenses for 2024: 0.36% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,441 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 0.361%. 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 538th-largest of 2,726 plans among Massachusetts employers on file, and the 2,442nd of 13,661 in manufacturing. In 2024, employees put in $1.99 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$70,984,222
Participants with balances1,213
Active participants1,633
Employer contributions$2,353,736
Employee contributions$4,691,431
Employer contribution per active participant$1,441
Average account balance$58,520
Benefits paid to participants$7,013,135
Plan auditUnmodified (clean) audit opinion
AuditorDISANTO, PRIEST & CO
Plan history3
Yearassets · accounts · employer contribution
2024$71.0M · 1,213 accts · $2.4M emplr
2023$62.1M · 1,159 accts · $2.2M emplr
2022$48.4M · 1,084 accts · $2.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$132,023
Investment management$91,810
Audit (IQPA)$16,500
Total administrative$240,333
The Blount Fine Foods 401(k) match · 2024
Employer contribution per active participant$1,441
Median for plans this size$3,635
2024$1,441 per active participant
2023$1,299 per active participant
2022$1,252 per active participant

Blount Fine Foods'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 · 20244
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping$128,523
ICAPITAL LLC · Investment management$91,810
DISANTO PRIEST AND CO · Accounting / audit · Investment management$20,000

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

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Administrative cost history3
2024$240,333 · 0.36%
2023$201,864 · 0.37%
2022$165,569 · 0.36%
Same employer
Similar plansManufacturing · Massachusetts
Servier Pharmaceuticals LLC MA$72.0M · 0.22%
Gold Medal Bakery, Inc. MA$71.2M · 0.02%
Electro Switch Corp. MA$70.8M · 0.07%
Candela Corporation MA$67.8M · 0.20%
Rebuild Manufacturing, LLC MA$66.1M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 050249001 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.