Plan Ledger DOL Form 5500 · updated monthly

Food Express, Inc.401(k)

FOOD EXPRESS, INC. 401(K) PLAN · PALMDALE, CA · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Food Express, Inc. reported $39,611 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $3,426 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 0.19% to 0.20%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 3,495th-largest of 9,483 plans among California employers on file, and the 713th of 2,677 in transportation & warehousing. In 2024, employees put in $1.97 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,149,607
Participants with balances318
Active participants266
Employer contributions$911,386
Employee contributions$1,792,400
Employer contribution per active participant$3,426
Average account balance$66,508
Benefits paid to participants$2,184,621
Plan auditUnmodified (clean) audit opinion
AuditorBAS PARTNERS LLC D/B/A A PORTER
Plan history3
Yearassets · accounts · employer contribution
2024$21.1M · 318 accts · $911K emplr
2023$18.6M · 321 accts · $909K emplr
2022$15.3M · 292 accts · $753K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,176
Investment management$27,435
Total administrative$39,611
The Food Express, Inc. 401(k) match · 2024
Employer contribution per active participant$3,426
Median for plans this size$2,416
2024$3,426 per active participant
2023$3,201 per active participant
2022$2,862 per active participant

Food Express, Inc.'s 2024 employer contribution ran above the $2,416 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
RAYMOND JAMES FINANCIAL SERVICE · Recordkeeping · Trustee$24,016
ADP, INC. · Loan processing · Recordkeeping$15,594
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, Raymond James
2023ADP, Raymond James

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$39,611 · 0.20%
2023$37,572 · 0.22%
2022$30,812 · 0.19%
Same employer
Similar plansTransportation & Warehousing · California
Fns, Inc. CA$23.6M · 0.57%
Asiana Airlines CA$22.1M · 0.30%
Sandair Corporation CA$21.1M · 0.17%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 952567838 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.