Plan Ledger DOL Form 5500 · updated monthly

Gold Medal Bakery, Inc.401(k)

GOLD MEDAL BAKERY, INC. EMPLOYEES SUPPLEMENTAL INCOME PLAN · FALL RIVER, MA · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Gold Medal Bakery, Inc. reported $11,718 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,490 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 0.00% to 0.02%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 535th-largest of 2,726 plans among Massachusetts employers on file, and the 2,438th of 13,661 in manufacturing. In 2024, employees put in $2.30 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$71,245,530
Participants with balances757
Active participants538
Employer contributions$1,339,659
Employee contributions$3,084,973
Employer contribution per active participant$2,490
Average account balance$94,116
Benefits paid to participants$5,789,206
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$71.2M · 757 accts · $1.3M emplr
2023$61.5M · 733 accts · $1.2M emplr
2022$53.3M · 688 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Investment management$9,643
Audit (IQPA)$17,500
Total administrative$11,718
The Gold Medal Bakery, Inc. 401(k) match · 2024
Employer contribution per active participant$2,490
Median for plans this size$3,635
2024$2,490 per active participant
2023$2,167 per active participant
2022$2,154 per active participant

Gold Medal Bakery, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20245
DIMEO SCHNEIDER AND ASSOCIATES · Pension consulting$43,750
THE ANGELL PENSION GROUP, INC. · Consulting$18,667
WOLF & COMPANY, P.C. · Accounting / audit$17,500
STRATEGIC ADVISORS, INC · Investment advisory (plan)$9,643

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$11,718 · 0.02%
2023$12,668 · 0.02%
2022$671 · 0.00%
Same employer
Similar plansManufacturing · Massachusetts
Neles USA Inc. MA$79.0M · 0.09%
Servier Pharmaceuticals LLC MA$72.0M · 0.22%
Blount Fine Foods MA$71.0M · 0.36%
Electro Switch Corp. MA$70.8M · 0.07%
Candela Corporation MA$67.8M · 0.20%
Rebuild Manufacturing, LLC MA$66.1M · 0.08%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 042074311 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.