Plan Ledger DOL Form 5500 · updated monthly

Canton Food Co.Profit-sharing plan

CANTON FOOD CO. PROFIT SHARING PLAN · LOS ANGELES, CA · plan year 2024

Reported admin expense ratio · 2024
1.02%

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

Canton Food Co. reported $58,594 in plan administrative expenses for 2024: 1.02% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,202 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 0.89% to 1.02%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in California (6,571st of 9,483), and 3,430th of 5,215 in retail trade.

Plan summary
Net assets, end of year$6,288,090
Participants with balances123
Active participants101
Employer contributions$222,436
Employee contributions—
Employer contribution per active participant$2,202
Average account balance$51,123
Benefits paid to participants$8,540
Plan auditUnmodified (clean) audit opinion
AuditorDOUGHERTY & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$6.3M · 123 accts · $222K emplr
2023$5.2M · 112 accts · $218K emplr
2022$4.3M · 108 accts · $207K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,835
Investment management$41,268
Audit (IQPA)$11,000
Total administrative$58,594
Employer contributions to the Canton Food Co. plan · 2024
Employer contribution per active participant$2,202
Median for plans this size$1,313
2024$2,202 per active participant
2023$2,202 per active participant
2022$2,156 per active participant

Canton Food Co.'s 2024 employer contribution ran above 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 · 20243
CHARLES SCHWAB · Investment advisory (plan)$41,268
DOUGHERTY & COMPANY · Accounting / audit$11,000
CALIFORNIA BENEFIT PLANNERS · Pension consulting$5,535

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$58,594 · 1.02%
2023$50,400 · 1.06%
2022$40,399 · 0.89%
Similar plansRetail Trade · California
Fireclay Tile, Inc. CA$6.4M · 0.52%
Marine Layer Pbc CA$6.3M · 0.33%
Levlad, LLC CA$6.3M · 0.26%
Connell Chevrolet CA$6.2M · 0.31%
Classic Concepts, Inc. CA$6.0M · 0.83%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 953390500 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.