Plan Ledger DOL Form 5500 · updated monthly

Francois Freres USA, Inc.401(k)

FRANCOIS FRERES USA, INC. 401(K) PROFIT SHARING PLAN · NAPA, CA · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Francois Freres USA, Inc. reported $13,429 in plan administrative expenses for 2024: 0.14% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,132 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 0.30% to 0.14%. 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 California (5,258th of 9,483), and 8,472nd of 13,661 in manufacturing. In 2024, employees put in $1.84 for every $1.00 the employer contributed; active participation has grown from 422 to 644 since 2022.

Plan summary
Net assets, end of year$10,746,952
Participants with balances426
Active participants644
Employer contributions$728,715
Employee contributions$1,343,585
Employer contribution per active participant$1,132
Average account balance$25,228
Benefits paid to participants$691,847
Plan auditUnmodified (clean) audit opinion
AuditorLBMC, PC
Plan history3
Yearassets · accounts · employer contribution
2024$10.7M · 426 accts · $729K emplr
2023$8.4M · 384 accts · $582K emplr
2022$6.4M · 364 accts · $538K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,600
Investment management$4,233
Total administrative$13,429
The Francois Freres USA, Inc. 401(k) match · 2024
Employer contribution per active participant$1,132
Median for plans this size$1,313
2024$1,132 per active participant
2023$1,064 per active participant
2022$1,275 per active participant

Francois Freres USA, Inc.'s 2024 employer contribution ran below the $1,313 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
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$3,114
THREE BELL CAPITALindirect comp

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$13,429 · 0.14%
2023$20,007 · 0.27%
2022$18,994 · 0.30%
Similar plansManufacturing · California
Gordon Brush Mfg. Co., Inc. CA$10.8M · 0.24%
Copper Cane LLC CA$10.8M · 0.94%
Digital Room LLC CA$10.7M · 0.90%
Latitude 36 Foods LLC CA$10.7M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 942957402 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.