Plan Ledger DOL Form 5500 · updated monthly

Giorgio Foods, Inc.401(k)

GIORGIO COMPANIES PROFIT SHARING & 401(K) PLAN · BLANDON, PA · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Giorgio Foods, Inc. reported $269,319 in plan administrative expenses for 2024: 0.28% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,898 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 0.34% to 0.28%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 463rd-largest of 3,651 plans among Pennsylvania employers on file, and the 400th of 4,246 in wholesale trade. In 2024, employees put in $1.55 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$101,746,433
Participants with balances3,017
Active participants2,554
Employer contributions$4,848,543
Employee contributions$7,510,205
Employer contribution per active participant$1,898
Average account balance$33,724
Benefits paid to participants$13,779,392
Plan auditUnmodified (clean) audit opinion
AuditorRKL LLP
Plan history3
Yearassets · accounts · employer contribution
2024$101.7M · 3,017 accts · $4.8M emplr
2023$91.3M · 2,839 accts · $4.3M emplr
2022$76.3M · 2,688 accts · $3.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$125,220
Investment management$144,099
Total administrative$269,319
The Giorgio Foods, Inc. 401(k) match · 2024
Employer contribution per active participant$1,898
Median for plans this size$3,635
2024$1,898 per active participant
2023$1,753 per active participant
2022$1,330 per active participant

Giorgio Foods, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20242
NEWPORT GROUP INC. · Claims processing · Recordkeeping$125,220
UBS FINANCIAL SERVICES, INC. · Investment advisory (participants) · Investment advisory (plan)$144,099

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$269,319 · 0.28%
2023$249,404 · 0.30%
2022$282,909 · 0.34%
Same employer
Similar plansWholesale Trade · Pennsylvania
Scott Electric Company PA$181.0M · 0.01%
Ifm Efector, Inc. PA$109.5M · 0.03%
Omni Cable LLC PA$104.9M · 0.25%
L.B. Foster Company PA$92.3M · 0.03%
D & H Distributing Co. PA$90.1M · 0.07%
Proconex PA$89.7M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 231661073 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.