Plan Ledger DOL Form 5500 · updated monthly

Cloverdale Foods Company401(k)

CLOVERDALE 401K PLAN · MANDAN, ND · plan year 2024

Reported admin expense ratio · 2024
0.75%

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

Cloverdale Foods Company reported $120,346 in plan administrative expenses for 2024: 0.75% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,858 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 0.81% to 0.75%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 133rd-largest of 279 plans among North Dakota employers on file, and the 6,543rd of 13,661 in manufacturing. In 2024, employees put in $1.54 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,108,686
Participants with balances439
Active participants422
Employer contributions$784,070
Employee contributions$1,209,870
Employer contribution per active participant$1,858
Average account balance$38,972
Benefits paid to participants$2,144,592
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.1M · 439 accts · $784K emplr
2023$15.0M · 425 accts · $811K emplr
2022$11.7M · 436 accts · $745K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,773
Investment management$68,430
Trustee / custodial$6,143
Total administrative$120,346
The Cloverdale Foods Company 401(k) match · 2024
Employer contribution per active participant$1,858
Median for plans this size$2,416
2024$1,858 per active participant
2023$2,063 per active participant
2022$1,881 per active participant

Cloverdale Foods Company'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 · 20242
BRAVERA WEALTH · Trustee · Recordkeeping$89,631
INVESTMENT CENTERS OF AMERICA, INC. · Investment management$30,715

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024BRAVERA WEALTH
2023BRAVERA WEALTH

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$120,346 · 0.75%
2023$99,710 · 0.75%
2022$103,177 · 0.81%
Same employer
Similar plansManufacturing · North Dakota
Red River Commodities, Inc. ND$20.7M · 0.27%
Dacotah Paper Company ND$19.5M · 0.38%
Korber Pharma, Inc. ND$18.6M · 0.28%
Weisgram Metal Fab, Inc. ND$17.7M · 0.34%
Gpk Products, Inc. ND$15.8M · 0.26%
Agri-Cover, Inc. ND$15.4M · 0.35%
Western Products, Inc. ND$13.4M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450124010 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.