Plan Ledger DOL Form 5500 · updated monthly

Frank Pepe's Development Co., LLC401(k)

THE PEPE'S 401(K) PLAN · MERIDEN, CT · plan year 2024

Reported admin expense ratio · 2024
0.82%

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

Frank Pepe's Development Co., LLC reported $14,224 in plan administrative expenses for 2024: 0.82% of average plan assets, above the peer median. Employer contributions averaged $613 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 0.22% to 0.82%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Connecticut (1,035th of 1,106), and 1,439th of 2,240 in accommodation & food services. In 2024, employees put in $2.29 for every $1.00 the employer contributed; active participation has shrunk from 562 to 339 since 2022.

Plan summary
Net assets, end of year$2,037,521
Participants with balances276
Active participants339
Employer contributions$207,697
Employee contributions$475,760
Employer contribution per active participant$613
Average account balance$7,382
Benefits paid to participants$328,935
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.0M · 276 accts · $208K emplr
2023$1.5M · 250 accts · $186K emplr
2022$758K · 206 accts · $160K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,224
Total administrative$14,224
The Frank Pepe's Development Co., LLC 401(k) match · 2024
Employer contribution per active participant$613
Median for plans this size$1,313
2024$613 per active participant
2023$683 per active participant
2022$284 per active participant

Frank Pepe's Development Co., LLC'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
THE VANGUARD GROUP, INC. · Recordkeeping$14,470

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$14,224 · 0.82%
2023$6,061 · 0.55%
2022$1,127 · 0.22%
Similar plansAccommodation & Food Services · Connecticut
Max Hospitality, LLC CT$4.7M · 1.00%
Batista Companies, Inc. CT$2.3M · 0.65%
B & Z Management CT$1.4M · 0.34%
Walsh Enterprises, Inc. CT$1.2M · 0.76%
Adt Pizza, LLC CT$461K · 1.78%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202618425 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.