Plan Ledger DOL Form 5500 · updated monthly

Funck Brothers Enterprises401(k)

FUNCK BROTHERS ENTERPRISES 401(K) PLAN · ANNVILLE, PA · plan year 2024

Reported admin expense ratio · 2024
1.21%

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

Funck Brothers Enterprises reported $27,026 in plan administrative expenses for 2024: 1.21% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,393 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 0.59% to 1.21%. 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 Pennsylvania (3,232nd of 3,651), and 1,274th of 2,240 in accommodation & food services. In 2024, employees put in $1.19 for every $1.00 the employer contributed; active participation has grown from 169 to 235 since 2022.

Plan summary
Net assets, end of year$2,651,936
Participants with balances241
Active participants235
Employer contributions$327,310
Employee contributions$390,350
Employer contribution per active participant$1,393
Average account balance$11,004
Benefits paid to participants$192,568
Plan auditUnmodified (clean) audit opinion
AuditorBOYER & RITTER, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$2.7M · 241 accts · $327K emplr
2023$1.8M · 253 accts · $231K emplr
2022$1.1M · 190 accts · $172K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$27,026
Total administrative$27,026
The Funck Brothers Enterprises 401(k) match · 2024
Employer contribution per active participant$1,393
Median for plans this size$1,313
2024$1,393 per active participant
2023$1,132 per active participant
2022$1,021 per active participant

Funck Brothers Enterprises's 2024 employer contribution ran above 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
TRANSAMERICA RETIREMENT SOLUTIONS, · Recordkeeping · Loan processing$13,810
PENNSYLVANIA PENSION PLANNERS · Recordkeeping · Loan processing$5,444
CAMBRIDGE INVESTMENT RESEARCH ADV · Investment advisory (plan)$6,645
CAPITAL RESEARCH AND MANAGEMENT CO · Other services · Loan processing$925

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$27,026 · 1.21%
2023$5,277 · 0.35%
2022$6,433 · 0.59%
Similar plansAccommodation & Food Services · Pennsylvania
Isaac's Deli, Inc. PA$3.7M · 1.52%
P.D.M. Company, Inc. PA$3.1M · 0.02%
Northeast Concepts, Inc. PA$2.8M · 0.56%
The Lodge at Woodloch PA$2.3M · 1.19%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 460855790 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.