Plan Ledger DOL Form 5500 · updated monthly

Canna Provisions, Inc.401(k)

CPI 401(K) PLAN · LEE, MA · plan year 2023

Reported admin expense ratio · 2023
0.42%

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

Canna Provisions, Inc. reported $1,733 in plan administrative expenses for 2023: 0.42% of average plan assets, below the peer median. Employer contributions averaged $688 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 1 year on file its reported administrative ratio rose from 0.15% to 0.42%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Massachusetts (2,680th of 2,726), and 5,067th of 5,215 in retail trade. In 2023, employees put in $1.92 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$505,444
Participants with balances132
Active participants89
Employer contributions$61,217
Employee contributions$117,401
Employer contribution per active participant$688
Average account balance$3,829
Benefits paid to participants$33,752
Plan auditUnmodified (clean) audit opinion
AuditorWHITTLESEY
Plan history2
Yearassets · accounts · employer contribution
2023$505K · 132 accts · $61K emplr
2022$320K · 112 accts · $145K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$1,733
Total administrative$1,733
The Canna Provisions, Inc. 401(k) match · 2023
Employer contribution per active participant$688
Median for plans this size$522
2023$688 per active participant
2022$1,279 per active participant

Canna Provisions, Inc.'s 2023 employer contribution ran above the $522 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$1,733 · 0.42%
2022$487 · 0.15%
Same employer
Similar plansRetail Trade · Massachusetts
River Valley Market LLC MA$923K · 0.55%
Berkshire Roots, Inc MA$861K · 0.35%
Pride Management, LLC MA$691K · 0.12%
Madison Food Corp. MA$347K · 0.47%
Hyde Meat Corp MA$160K · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 825377573 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.