Plan Ledger DOL Form 5500 · updated monthly

Cusano's Italian Bakery, Inc401(k)

CUSANO'S BAKERY 401(K) PLAN · COCONUT CREEK, FL · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Cusano's Italian Bakery, Inc reported $22,039 in plan administrative expenses for 2024: 0.38% of average plan assets, below the peer median. Employer contributions averaged $2,013 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 has held roughly steady near 0.38%. 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 Florida (2,308th of 3,644), and 10,621st of 13,661 in manufacturing. In 2024, employees put in $1.52 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,117,923
Participants with balances249
Active participants221
Employer contributions$444,935
Employee contributions$678,447
Employer contribution per active participant$2,013
Average account balance$24,570
Benefits paid to participants$1,221,200
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.1M · 249 accts · $445K emplr
2023$5.6M · 180 accts · $342K emplr
2022$4.5M · 170 accts · $321K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,039
Total administrative$22,039
The Cusano's Italian Bakery, Inc 401(k) match · 2024
Employer contribution per active participant$2,013
Median for plans this size$1,313
2024$2,013 per active participant
2023$1,620 per active participant
2022$1,447 per active participant

Cusano's Italian Bakery, Inc's 2024 employer contribution ran above 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 · 20242
CAPITAL GROUP RETIREMENT$10,398
RETIREMENT SOLUTIONS ADVISORS, LLC · Contract administrator$5,550

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$22,039 · 0.38%
2023$17,112 · 0.34%
2022$18,155 · 0.39%
Similar plansManufacturing · Florida
Hear.com FL$6.2M · 0.98%
A & N Corporation FL$6.2M · 0.07%
Rybovich Boat Company LLC FL$5.8M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591550859 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.