Plan Ledger DOL Form 5500 · updated monthly

Floersch Iga, Inc.401(k)

RAY'S APPLE MARKET STORES PROFIT SHARING 401(K) PLAN & TRUST · CLAY CENTER, KS · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Floersch Iga, Inc. reported $23,845 in plan administrative expenses for 2024: 0.56% of average plan assets, above the peer median. Employer contributions averaged $289 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 0.86% to 0.56%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Kansas (665th of 828), and 3,903rd of 5,215 in retail trade. In 2024, employees put in $5.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,537,319
Participants with balances118
Active participants140
Employer contributions$40,529
Employee contributions$218,426
Employer contribution per active participant$289
Average account balance$38,452
Benefits paid to participants$242,743
Plan auditUnmodified (clean) audit opinion
AuditorVARNEY'S & ASSOCIATES CPA LLC
Plan history3
Yearassets · accounts · employer contribution
2024$4.5M · 118 accts · $41K emplr
2023$4.1M · 108 accts · $38K emplr
2022$3.7M · 109 accts · $42K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,129
Investment management$14,650
Total administrative$23,845
The Floersch Iga, Inc. 401(k) match · 2024
Employer contribution per active participant$289
Median for plans this size$1,313
2024$289 per active participant
2023$250 per active participant
2022$279 per active participant

Floersch Iga, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
INVISOR FINANCIAL LLC · Recordkeeping$14,650
INVISOR SOLUTIONS LLC · Contract administrator · Recordkeeping$7,129
KEATING FINANCIAL ADVISORY SERVICES · Recordkeeping · Loan processing$1,976
NATIONWIDE$2,291
KEATING AND ASSOCIATES INC · Contract administrator$37

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

Recordkeeper by year2
2024INVISOR FINANCIAL LLC, INVISOR SOLUTIONS LLC, KEATING FINANCIAL ADVISORY SERVICES
2023KEATING FINANCIAL ADVISORY SERVICES

This plan has changed recordkeepers within these filings. If you left Floersch Iga, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$23,845 · 0.56%
2023$23,936 · 0.62%
2022$32,353 · 0.86%
Similar plansRetail Trade · Kansas
Rally House KS$5.7M · 1.27%
Zeck Motor Company KS$5.2M · 0.58%
Kc Bell, Inc. KS$3.9M · 0.88%
Hungry Cats, Inc. KS$3.6M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 480939268 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.