Plan Ledger DOL Form 5500 · updated monthly

Craftmark Bakery, LLC401(k)

CRAFTMARK BAKERY, LLC 401(K) PLAN · INDIANAPOLIS, IN · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Craftmark Bakery, LLC reported $32,042 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $1,798 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 3 years on file its reported administrative ratio fell from 0.46% to 0.31%. 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 among the smaller plans on file in Indiana (823rd of 1,562), and 8,170th of 13,661 in manufacturing. In 2024, employees put in $2.12 for every $1.00 the employer contributed; active participation has grown from 292 to 390 since 2021.

Plan summary
Net assets, end of year$11,576,828
Participants with balances263
Active participants390
Employer contributions$701,348
Employee contributions$1,484,470
Employer contribution per active participant$1,798
Average account balance$44,018
Benefits paid to participants$833,256
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history4
Yearassets · accounts · employer contribution
2024$11.6M · 263 accts · $701K emplr
2023$9.0M · 234 accts · $578K emplr
2022$7.7M · 234 accts · $615K emplr
2021$8.4M · 237 accts · $587K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,096
Audit (IQPA)$19,946
Total administrative$32,042
The Craftmark Bakery, LLC 401(k) match · 2024
Employer contribution per active participant$1,798
Median for plans this size$2,416
2024$1,798 per active participant
2023$1,686 per active participant
2022$1,887 per active participant
2021$2,011 per active participant

Craftmark Bakery, LLC'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
ADP, INC. · Loan processing · Recordkeeping$32,041
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP

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Administrative cost history4
2024$32,042 · 0.31%
2023$31,975 · 0.38%
2022$33,424 · 0.42%
2021$35,017 · 0.46%
Same employer
Similar plansManufacturing · Indiana
Albanese Confectionery IN$12.0M · 0.76%
Reelcraft Holdings LLC IN$11.7M · 0.76%
Colwell Industries, Inc. IN$11.6M · 0.20%
Tp Orthodontics, Inc. IN$11.5M · 0.10%
Vestil Manufacturing Corp. IN$11.5M · 0.37%
Gulf Stream Coach, Inc. IN$11.4M · 0.93%

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Source: U.S. Department of Labor, Form 5500 series, EIN 464037728 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.