Plan Ledger DOL Form 5500 · updated monthly

Buona Beef, LLC401(k)

BUONA BEEF PROFIT SHARING & 401(K) PLAN AND TRUST · BERWYN, IL · plan year 2024

Reported admin expense ratio · 2024
0.71%

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

Buona Beef, LLC reported $66,769 in plan administrative expenses for 2024: 0.71% of average plan assets, above the peer median. Employer contributions averaged $347 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 0.30% to 0.71%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Illinois (2,361st of 3,702), and the 541st of 2,240 in accommodation & food services. In 2024, employees put in $1.71 for every $1.00 the employer contributed; active participation has grown from 717 to 1,194 since 2022.

Plan summary
Net assets, end of year$10,359,485
Participants with balances208
Active participants1,194
Employer contributions$414,640
Employee contributions$708,487
Employer contribution per active participant$347
Average account balance$49,805
Benefits paid to participants$160,336
Plan auditUnmodified (clean) audit opinion
AuditorR.J. AUGUSTINE AND ASSOCIATES, LTD.
Plan history3
Yearassets · accounts · employer contribution
2024$10.4M · 208 accts · $415K emplr
2023$8.3M · 196 accts · $349K emplr
2022$6.6M · 179 accts · $323K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$66,769
Total administrative$66,769
The Buona Beef, LLC 401(k) match · 2024
Employer contribution per active participant$347
Median for plans this size$1,313
2024$347 per active participant
2023$419 per active participant
2022$450 per active participant

Buona Beef, LLC's 2024 employer contribution ran below the $1,313 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 · 20242
THE RETIREMENT ADVANTAGE INC · Recordkeeping$5,713
LINCOLN NATIONAL CORPORATION · Contract administrator$61,042

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 RETIREMENT ADVANTAGE INC
2023THE RETIREMENT ADVANTAGE INC

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

Administrative cost history3
2024$66,769 · 0.71%
2023$48,502 · 0.65%
2022$21,070 · 0.30%
Similar plansAccommodation & Food Services · Illinois
Hospitality Staffing Inc. IL$11.7M · 0.32%
Ahi International, LLC IL$11.2M · 0.34%
Monical Pizza Corporation IL$10.5M · 0.68%
Q Center LLC IL$9.3M · 0.25%
Chinn Enterprises, Inc. IL$7.5M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 611579621 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.