Plan Ledger DOL Form 5500 · updated monthly

Godshall's Quality Meats, Inc.ESOP

GODSHALL'S QUALITY MEATS EMPLOYEE STOCK OWNERSHIP PLAN · TELFORD, PA · plan year 2023

Reported admin expense ratio · 2023
0.27%

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

Godshall's Quality Meats, Inc. reported $111,325 in plan administrative expenses for 2023: 0.27% of average plan assets, below the peer median. Employer contributions averaged $2,792 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 0.11% to 0.07%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 839th-largest of 3,651 plans among Pennsylvania employers on file, and the 3,317th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$46,644,051
Participants with balances402
Active participants268
Employer contributions$748,350
Employee contributions—
Employer contribution per active participant$2,792
Average account balance$116,030
Benefits paid to participants$98,350
Plan auditUnmodified (clean) audit opinion
AuditorDUNLAPSLK, PC
Plan history3
Yearassets · accounts · employer contribution
2024$37.7M · 438 accts · $1.4M emplr
2023$46.6M · 402 accts · $748K emplr
2022$35.2M · 372 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$18,009
Investment management$7,080
Trustee / custodial$70,000
Total administrative$111,325
Employer contributions to the Godshall's Quality Meats, Inc. plan · 2023
Employer contribution per active participant$2,792
Median for plans this size$2,440
2024$5,005 per active participant
2023$2,792 per active participant

Godshall's Quality Meats, Inc.'s 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
PRINCIPAL FINANCIAL GROUP · Plan administrator · Recordkeeping$18,009
CAPTIAL TRUSTEES, INC. · Trustee (directed)$70,000
VALUE MANAGEMENT INC · Valuation$16,026
SCHWAB · Investment management$7,080

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$30,339 · 0.07%
2023$111,325 · 0.27%
2022$38,200 · 0.11%
All plans at this employer2
GODSHALL'S QUALITY MEATS, INC. 401(K) PLAN401(k)
GODSHALL'S QUALITY MEATS EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
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York Container Company PA$47.3M · 0.24%
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R M Palmer Company PA$46.7M · 0.10%
Ensinger, Inc. PA$46.6M · 0.21%
Chromalox PA$46.2M · 0.23%
Global Packaging, Inc. PA$46.2M · 0.44%
Whirley Industries, Inc. PA$45.8M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232267598 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.