Plan Ledger DOL Form 5500 · updated monthly

Frc Balance LLC401(k)

TRUE FOOD KITCHEN 401(K) PLAN · SCOTTSDALE, AZ · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Frc Balance LLC reported $21,856 in plan administrative expenses for 2024: 0.53% of average plan assets, above the peer median. Employer contributions averaged $577 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 0.53%. 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 Arizona (871st of 1,285), and the 964th of 2,240 in accommodation & food services. In 2024, employees put in $3.57 for every $1.00 the employer contributed; active participation has shrunk from 325 to 274 since 2022.

Plan summary
Net assets, end of year$4,385,159
Participants with balances179
Active participants274
Employer contributions$158,160
Employee contributions$564,007
Employer contribution per active participant$577
Average account balance$24,498
Benefits paid to participants$907,080
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.4M · 179 accts · $158K emplr
2023$3.8M · 189 accts · $173K emplr
2022$3.1M · 209 accts · $174K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,856
Total administrative$21,856
The Frc Balance LLC 401(k) match · 2024
Employer contribution per active participant$577
Median for plans this size$1,313
2024$577 per active participant
2023$578 per active participant
2022$535 per active participant

Frc Balance 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$21,855
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)indirect 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$21,856 · 0.53%
2023$6,498 · 0.19%
2022$7,286 · 0.22%
Same employer
Similar plansAccommodation & Food Services · Arizona
Mjb Pizza, Inc. AZ$9.8M · 0.44%
Upward Projects AZ$4.7M · 1.60%
M Culinary Concepts, Inc. AZ$3.9M · 0.43%
Valle Luna, Inc. AZ$3.3M · 0.94%
And Go Concepts, LLC AZ$3.2M · 0.43%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 262536386 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.