Plan Ledger DOL Form 5500 · updated monthly

Clements Foods CompanyProfit-sharing plan

CLEMENTS FOODS COMPANY PROFIT SHARING PLAN · OKLAHOMA CITY, OK · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Clements Foods Company reported $12,679 in plan administrative expenses for 2024: 0.14% of average plan assets, lower than ~75% of peers. Employer contributions averaged $706 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 0.26% to 0.14%. 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 Oklahoma (404th of 724), and 8,861st of 13,661 in manufacturing.

Plan summary
Net assets, end of year$9,849,671
Participants with balances301
Active participants170
Employer contributions$120,000
Employee contributions—
Employer contribution per active participant$706
Average account balance$32,723
Benefits paid to participants$422,274
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.8M · 301 accts · $120K emplr
2023$8.6M · 278 accts · $240K emplr
2022$7.0M · 277 accts · $100K emplr
Administrative expenses, itemized · 2024
Audit (IQPA)$8,170
Trustee / custodial$3,886
Total administrative$12,679
Employer contributions to the Clements Foods Company plan · 2024
Employer contribution per active participant$706
Median for plans this size$1,313
2024$706 per active participant
2023$1,463 per active participant
2022$568 per active participant

Clements Foods Company'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 · 20241
HOGANTAYLOR LLP · Accounting / audit$8,170

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$12,679 · 0.14%
2023$44,320 · 0.57%
2022$18,400 · 0.26%
Same employer
Similar plansManufacturing · Oklahoma
Nucera Solutions, LLC OK$10.6M · 0.68%
Champagne Metals, LLC OK$10.3M · 0.15%
S&R Compression LLC OK$9.5M · 0.11%
Cupid Foundations, Inc. OK$9.3M · 0.28%
Southwestern Wire, Inc. OK$9.2M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 730613986 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.