Plan Ledger DOL Form 5500 · updated monthly

Chairmans Foods, LLC401(k)

CHAIRMANS FOODS, LLC 401K PLAN · NASHVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Chairmans Foods, LLC reported $18,690 in plan administrative expenses for 2024: 0.44% of average plan assets, below the peer median. Employer contributions averaged $1,181 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 fell from 0.65% to 0.44%. 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 Tennessee (1,087th of 1,496), and 11,305th of 13,661 in manufacturing. In 2024, employees put in $1.86 for every $1.00 the employer contributed; active participation has grown from 304 to 351 since 2022.

Plan summary
Net assets, end of year$4,797,019
Participants with balances153
Active participants351
Employer contributions$414,408
Employee contributions$772,042
Employer contribution per active participant$1,181
Average account balance$31,353
Benefits paid to participants$496,528
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.8M · 153 accts · $414K emplr
2023$3.6M · 223 accts · $399K emplr
2022$2.5M · 191 accts · $323K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,690
Total administrative$18,690
The Chairmans Foods, LLC 401(k) match · 2024
Employer contribution per active participant$1,181
Median for plans this size$1,313
2024$1,181 per active participant
2023$1,359 per active participant
2022$1,063 per active participant

Chairmans Foods, LLC'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 · 20243
ARES RETIREMENT PLAN SERVICES LLC · Investment advisory (plan) · Contract administrator$12,163
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$10,598

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$18,690 · 0.44%
2023$21,737 · 0.71%
2022$13,901 · 0.65%
Same employer
Similar plansManufacturing · Tennessee
A-Z Office Resource, Inc. TN$5.0M · 0.59%
Honest Abe Log Homes Inc TN$4.9M · 0.21%
Langston Companies, Inc. TN$4.7M · 1.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 821622006 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.