Plan Ledger DOL Form 5500 · updated monthly

Creative Food Ingredients, Inc.401(k)

CREATIVE FOOD INGREDIENTS, INC. PROFIT SHARING/401(K) RETIREMENT PLAN · PERRY, NY · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Creative Food Ingredients, Inc. reported $28,161 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $1,529 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 0.04% to 0.26%. 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 New York (3,301st of 5,648), and 7,973rd of 13,661 in manufacturing. In 2024, employees put in $1.98 for every $1.00 the employer contributed; active participation has grown from 266 to 301 since 2022.

Plan summary
Net assets, end of year$12,195,041
Participants with balances299
Active participants301
Employer contributions$460,096
Employee contributions$911,799
Employer contribution per active participant$1,529
Average account balance$40,786
Benefits paid to participants$677,788
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.2M · 299 accts · $460K emplr
2023$9.9M · 280 accts · $495K emplr
2022$8.5M · 262 accts · $434K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,161
Total administrative$28,161
The Creative Food Ingredients, Inc. 401(k) match · 2024
Employer contribution per active participant$1,529
Median for plans this size$2,416
2024$1,529 per active participant
2023$1,744 per active participant
2022$1,632 per active participant

Creative Food Ingredients, 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 · 20241
BPAS · Recordkeeping · Custodial (securities)$28,161

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

Recordkeeper by year2
2024BPAS
2023BPAS

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Administrative cost history3
2024$28,161 · 0.26%
2023$5,520 · 0.06%
2022$3,386 · 0.04%
Similar plansManufacturing · New York
Horn USA Inc NY$12.4M · 0.02%
Bitzer Scroll, Inc. NY$12.3M · 0.30%
Spectral Systems, LLC NY$11.9M · 0.36%
Therm, Incorporated NY$11.7M · 0.73%

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Source: U.S. Department of Labor, Form 5500 series, EIN 980449100 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.