Plan Ledger DOL Form 5500 · updated monthly

Freshrealm LLC401(k)

FRESHREALM RETIREMENT PLAN · LANCASTER, TX · plan year 2024

Reported admin expense ratio · 2024
1.15%

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

Freshrealm LLC reported $107,371 in plan administrative expenses for 2024: 1.15% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,290 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 1.43% to 1.15%. 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 the 2,586th-largest of 5,688 plans among Texas employers on file, and 7,523rd of 13,661 in manufacturing. In 2024, employees put in $2.08 for every $1.00 the employer contributed; active participation has grown from 201 to 1,101 since 2022.

Plan summary
Net assets, end of year$13,608,632
Participants with balances554
Active participants1,101
Employer contributions$1,420,359
Employee contributions$2,955,578
Employer contribution per active participant$1,290
Average account balance$24,564
Benefits paid to participants$2,512,399
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.6M · 554 accts · $1.4M emplr
2023$5.0M · 250 accts · $377K emplr
2022$3.3M · 251 accts · $330K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$107,371
Total administrative$107,371
The Freshrealm LLC 401(k) match · 2024
Employer contribution per active participant$1,290
Median for plans this size$1,313
2024$1,290 per active participant
2023$2,015 per active participant
2022$1,641 per active participant

Freshrealm LLC'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 · 20244
ADP, INC. · Recordkeeping · Loan processing$7,611
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$94,246
OPPENHEIMER & CO INC · Investment advisory (plan)$5,514
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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

Recordkeeper by year2
2024ADP
2023ADP, GALLAGHER BENEFIT SERVICES, OPPENHEIMER & CO. INC.

This plan has changed recordkeepers within these filings. If you left Freshrealm LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$107,371 · 1.15%
2023$62,629 · 1.51%
2022$41,327 · 1.43%
Same employer
Similar plansManufacturing · Texas
Optimus Steel LLC TX$13.8M · 0.31%
Concote Corporation TX$13.4M · 0.03%
Spr Packaging LLC TX$13.4M · 0.44%
Applied Concepts, Inc. TX$13.4M · 0.87%

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Source: U.S. Department of Labor, Form 5500 series, EIN 461778505 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.