Plan Ledger DOL Form 5500 · updated monthly

Enjoy Life Natural Brands, LLC401(k)

ENJOY LIFE NATURAL BRANDS, LLC RETIREMENT SAVINGS PLAN · CHICAGO, IL · plan year 2023

Reported admin expense ratio · 2023
1.69%

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

Enjoy Life Natural Brands, LLC reported $48,588 in plan administrative expenses for 2023: 1.69% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,074 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 1 year on file its reported administrative ratio rose from 0.69% to 1.69%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Illinois (3,247th of 3,702), and 12,339th of 13,661 in manufacturing. In 2023, employees put in $3.03 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,891,213
Participants with balances85
Active participants38
Employer contributions$154,820
Employee contributions$469,337
Employer contribution per active participant$4,074
Average account balance$34,014
Benefits paid to participants$1,020,481
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$2.9M · 85 accts · $155K emplr
2022$2.9M · 205 accts · $241K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$26,022
Investment management$6,066
Audit (IQPA)$16,500
Total administrative$48,588
The Enjoy Life Natural Brands, LLC 401(k) match · 2023
Employer contribution per active participant$4,074
Median for plans this size$1,308
2023$4,074 per active participant
2022$1,401 per active participant

Enjoy Life Natural Brands, LLC's 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top quarter of its peers. 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
SIKICH LLP · Accounting / audit$16,500
GALLAGHER BENEFIT SERVICES INC DBA · Investment advisory (plan)$3,750
EMPOWER ADVISORY GROUP, LLC · Investment management$2,316

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

Administrative cost history2
2023$48,588 · 1.69%
2022$20,671 · 0.69%
Same employer
Similar plansManufacturing · Illinois
1ST Ayd Corporation IL$3.0M · 0.64%
Clayens Np USA IL$2.9M · 0.30%
Flex-N-Gate Shelby LLC IL$2.8M · 0.36%
Watershed Foods, LLC IL$2.6M · 0.80%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364433809 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.