Davis/Burkett Food Corporation401(k)
DAVIS/BURKETT FOOD CORPORATION 401(K) PROFIT SHARING PLAN · VERNAL, UT · plan year 2023
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Davis/Burkett Food Corporation reported $27,260 in plan administrative expenses for 2023: 0.58% of average plan assets, above the peer median. Employer contributions averaged $730 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 0.54% to 1.37%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Utah (608th of 848), and 3,749th of 5,215 in retail trade. In 2023, the employer put in $1.61 for every $1.00 employees contributed themselves; active participation has shrunk from 155 to 138 since 2022.
Davis/Burkett Food Corporation's 2023 employer contribution ran below the $1,308 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 870453819 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.