Plan Ledger DOL Form 5500 · updated monthly

Fruit Center, Inc.401(k)

FRUIT CENTER, INC. 401(K) PROFIT SHARING PLAN · MILTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Fruit Center, Inc. reported $1,418 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,774 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 0.009% to 0.013%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Massachusetts (1,749th of 2,726), and the 2,299th of 5,215 in retail trade. In 2024, the employer put in $1.26 for every $1.00 employees contributed themselves; active participation has grown from 123 to 139 since 2022.

Plan summary
Net assets, end of year$11,834,324
Participants with balances125
Active participants139
Employer contributions$385,587
Employee contributions$305,885
Employer contribution per active participant$2,774
Average account balance$94,675
Benefits paid to participants$473,419
Plan auditUnmodified (clean) audit opinion
AuditorCRR LLP
Plan history3
Yearassets · accounts · employer contribution
2024$11.8M · 125 accts · $386K emplr
2023$10.1M · 129 accts · $400K emplr
2022$8.7M · 140 accts · $334K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,418
Total administrative$1,418
The Fruit Center, Inc. 401(k) match · 2024
Employer contribution per active participant$2,774
Median for plans this size$2,416
2024$2,774 per active participant
2023$3,200 per active participant
2022$2,719 per active participant

Fruit Center, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$1,418
PURSHE KAPLAN STERLING INVindirect 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$1,418 · 0.01%
2023$794 · 0.01%
2022$816 · 0.01%
Similar plansRetail Trade · Massachusetts
Dover Saddlery, Inc. MA$11.5M · 0.10%
Hannoush Jewelers, Inc. MA$11.3M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042543385 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.