Plan Ledger DOL Form 5500 · updated monthly

Dewey's Bakery, Inc.401(k)

DEWEY'S BAKERY, INC. 401(K) PROFIT SHARING PLAN · WINSTON SALEM, NC · plan year 2024

Reported admin expense ratio · 2024
0.78%

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

Dewey's Bakery, Inc. reported $21,538 in plan administrative expenses for 2024: 0.78% of average plan assets, above the peer median. Employer contributions averaged $1,548 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 1.34% to 0.78%. 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 North Carolina (1,675th of 2,005), and 12,368th of 13,661 in manufacturing. In 2024, employees put in $1.66 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,848,856
Participants with balances118
Active participants153
Employer contributions$236,903
Employee contributions$393,382
Employer contribution per active participant$1,548
Average account balance$24,143
Benefits paid to participants$796,577
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.8M · 118 accts · $237K emplr
2023$2.7M · 135 accts · $223K emplr
2022$2.2M · 131 accts · $94K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,222
Investment management$3,658
Total administrative$21,538
The Dewey's Bakery, Inc. 401(k) match · 2024
Employer contribution per active participant$1,548
Median for plans this size$1,313
2024$1,548 per active participant
2023$1,725 per active participant
2022$653 per active participant

Dewey's 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$14,222
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$7,316
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$21,538 · 0.78%
2023$24,329 · 0.98%
2022$31,445 · 1.34%
Same employer
Similar plansManufacturing · North Carolina
Fairystone Fabrics, LLC NC$2.9M · 0.99%
Design Foundry, LLC NC$2.9M · 1.67%
Crete Solutions, LLC NC$2.9M · 0.91%
Cavotec USA Inc. NC$2.8M · 0.65%
Fibrix, LLC NC$2.8M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561246882 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.