Plan Ledger DOL Form 5500 · updated monthly

Fresh Foods LLC401(k)

FRESH FOODS 401(K) PLAN · LUMBERTON, NC · plan year 2023

Reported admin expense ratio · 2023
0.42%

Fresh Foods LLC reported $1,282 in plan administrative expenses for 2023: 0.42% of average plan assets, below the peer median. 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 1 year on file its reported administrative ratio fell from 0.52% to 0.42%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in North Carolina (1,962nd of 2,005), and 5,091st of 5,215 in retail trade.

Plan summary
Net assets, end of year$353,828
Participants with balances97
Active participants130
Employer contributions—
Employee contributions$63,970
Employer contribution per active participant—
Average account balance$3,648
Benefits paid to participants$19,348
Plan auditUnmodified (clean) audit opinion
AuditorS PRESTON DOUGLAS & ASSOCIATES, LLP
Plan history2
Yearassets · accounts · employer contribution
2023$354K · 97 accts
2022$263K · 102 accts
Administrative expenses, itemized · 2023
Investment management$1,282
Total administrative$1,282
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$1,282 · 0.42%
2022$1,456 · 0.52%
Similar plansRetail Trade · North Carolina
Team Carolinas, Inc. NC$2.0M · 1.69%
Impex Inc NC$1.3M · 0.77%
Raymer Brothers, Inc. NC$1.1M · 0.41%
MVRB2, LLC NC$505K · 1.34%
Jaizai Investments NC$274K · 2.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 475003656 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.