Plan Ledger DOL Form 5500 · updated monthly

Foodscience, LLC401(k)

FOODSCIENCE, LLC 401(K) PROFIT SHARING PLAN · WILLISTON, VT · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Foodscience, LLC reported $99,438 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,210 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 0.509%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 94th-largest of 230 plans among Vermont employers on file, and the 5,788th of 13,661 in manufacturing. In 2024, employees put in $2.14 for every $1.00 the employer contributed; active participation has shrunk from 230 to 198 since 2022.

Plan summary
Net assets, end of year$20,733,266
Participants with balances274
Active participants198
Employer contributions$437,496
Employee contributions$935,206
Employer contribution per active participant$2,210
Average account balance$75,669
Benefits paid to participants$1,230,676
Plan auditUnmodified (clean) audit opinion
AuditorMEYERS BROTHERS KALICKA, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$20.7M · 274 accts · $437K emplr
2023$18.3M · 282 accts · $471K emplr
2022$16.0M · 290 accts · $503K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50,986
Investment management$48,452
Total administrative$99,438
The Foodscience, LLC 401(k) match · 2024
Employer contribution per active participant$2,210
Median for plans this size$2,416
2024$2,210 per active participant
2023$2,330 per active participant
2022$2,187 per active participant

Foodscience, LLC's 2024 employer contribution ran below 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
MORGAN STANLEY · Investment advisory (plan)$48,452
FUTURE PLANNING ASSOCIATES, INC. · Contract administrator$14,320

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$99,438 · 0.51%
2023$92,251 · 0.54%
2022$84,843 · 0.51%
Same employer
Similar plansManufacturing · Vermont
Hayward Tyler, Inc. VT$25.2M · 0.28%
Cersosimo Lumber Co., Inc. VT$19.9M · 0.25%
Hubbardton Forge, LLC VT$19.7M · 0.35%
Simon Pearce (US) Inc. VT$18.7M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 030236808 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.