Plan Ledger DOL Form 5500 · updated monthly

Gerbers Poultry, Inc.401(k)

GERBERS POULTRY, INC. 401(K) PLAN · KIDRON, OH · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Gerbers Poultry, Inc. reported $36,682 in plan administrative expenses for 2024: 0.54% of average plan assets, above the peer median. Employer contributions averaged $508 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 0.51% to 0.54%. 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 among the smaller plans on file in Ohio (2,283rd of 3,295), and 10,096th of 13,661 in manufacturing. In 2024, employees put in $1.59 for every $1.00 the employer contributed; active participation has grown from 415 to 477 since 2022.

Plan summary
Net assets, end of year$7,132,678
Participants with balances116
Active participants477
Employer contributions$242,522
Employee contributions$386,200
Employer contribution per active participant$508
Average account balance$61,489
Benefits paid to participants$633,886
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.1M · 116 accts · $243K emplr
2023$6.4M · 114 accts · $234K emplr
2022$5.9M · 113 accts · $228K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,921
Investment management$8,924
Total administrative$36,682
The Gerbers Poultry, Inc. 401(k) match · 2024
Employer contribution per active participant$508
Median for plans this size$1,313
2024$508 per active participant
2023$532 per active participant
2022$550 per active participant

Gerbers Poultry, Inc.'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 · 20243
EMPOWER ADVISORY GROUP, LLC · Investment management$8,924
FIFTH THIRD BANK$7,837

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$36,682 · 0.54%
2023$33,757 · 0.55%
2022$31,851 · 0.51%
Same employer
Similar plansManufacturing · Ohio
Sam Dong America, Inc. OH$7.2M · 0.46%
Nehemiah Manufacturing OH$7.1M · 0.56%
Qualitor, Inc. OH$7.1M · 0.00%
Robin Enterprises Company OH$7.1M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341099759 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.