Plan Ledger DOL Form 5500 · updated monthly

Champion Brands, Inc.401(k)

CHAMPION BRANDS, INC. 401(K) SAVINGS PROFIT SHARING PLAN · JACKSONVILLE, FL · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Champion Brands, Inc. reported $44,111 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $1,353 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 0.06% to 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 1,495th-largest of 3,644 plans among Florida employers on file, and 2,557th of 4,246 in wholesale trade. In 2024, employees put in $1.27 for every $1.00 the employer contributed; active participation has grown from 280 to 427 since 2022.

Plan summary
Net assets, end of year$13,083,865
Participants with balances226
Active participants427
Employer contributions$577,803
Employee contributions$733,348
Employer contribution per active participant$1,353
Average account balance$57,893
Benefits paid to participants$1,069,839
Plan auditUnmodified (clean) audit opinion
AuditorRALSTON & COMPANY, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$13.1M · 226 accts · $578K emplr
2023$11.4M · 207 accts
2022$9.4M · 211 accts · $400K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,081
Investment management$24,030
Total administrative$44,111
The Champion Brands, Inc. 401(k) match · 2024
Employer contribution per active participant$1,353
Median for plans this size$2,416
2024$1,353 per active participant
2022$1,429 per active participant

Champion Brands, Inc.'s 2024 employer contribution ran below the $2,416 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
MORGAN STANLEY SMITH BARNEY LLC · Investment advisory (participants)$24,030
MORGAN STANLEY SMITH BARNEYindirect comp

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$44,111 · 0.36%
2023$5,708 · 0.05%
2022$5,671 · 0.06%
Same employer
Similar plansWholesale Trade · Florida
Agro Holdings FL$12.9M
Sun Commodities, Inc. FL$12.5M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591474127 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.