Plan Ledger DOL Form 5500 · updated monthly

Food Sciences Corporation401(k)

FOOD SCIENCES CORPORATION RETIREMENT PLAN · MOUNT LAUREL, NJ · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Food Sciences Corporation reported $46,813 in plan administrative expenses for 2024: 0.47% of average plan assets, below the peer median. Employer contributions averaged $648 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 3 years on file its reported administrative ratio has held roughly steady near 0.474%. 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 New Jersey (1,483rd of 2,419), and 8,615th of 13,661 in manufacturing. In 2024, employees put in $4.31 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,383,669
Participants with balances178
Active participants135
Employer contributions$87,456
Employee contributions$376,661
Employer contribution per active participant$648
Average account balance$58,335
Benefits paid to participants$475,967
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.4M · 178 accts · $87K emplr
2023$9.4M · 171 accts · $98K emplr
2022$8.4M · 180 accts · $102K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,508
Investment management$19,625
Total administrative$46,813
The Food Sciences Corporation 401(k) match · 2024
Employer contribution per active participant$648
Median for plans this size$1,313
2024$648 per active participant
2023$787 per active participant
2022$799 per active participant

Food Sciences Corporation'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 · 20241
CBIZ INVESTMENT ADVISORY SERVICES · Investment advisory (participants)$19,625

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$46,813 · 0.47%
2023$41,906 · 0.47%
2022$42,966 · 0.47%
Same employer
Similar plansManufacturing · New Jersey
Ames Rubber Corporation NJ$10.8M · 0.35%
Electronic Concepts, Inc. NJ$10.7M · 0.69%
Eos Energy Storage LLC NJ$10.6M · 1.78%
F&S Produce Co., Inc. NJ$10.4M · 0.29%
Fsr Incorporated NJ$10.1M · 0.03%
Ggb, LLC NJ$10.1M · 0.10%
Upfield Sourcing US, Inc. NJ$10.0M · 0.71%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232175751 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.