Plan Ledger DOL Form 5500 · updated monthly

Gossner Foods, Inc.401(k)

GOSSNER FOODS 401(K) PROFIT SHARING PLAN · LOGAN, UT · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Gossner Foods, Inc. reported $2,675 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,227 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 0.04% to 0.01%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 147th-largest of 848 plans among Utah employers on file, and the 3,149th of 13,661 in manufacturing. In 2024, employees put in $3.70 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$50,076,654
Participants with balances598
Active participants507
Employer contributions$622,141
Employee contributions$2,303,544
Employer contribution per active participant$1,227
Average account balance$83,740
Benefits paid to participants$2,447,216
Plan auditUnmodified (clean) audit opinion
AuditorJONES SIMKINS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$50.1M · 598 accts · $622K emplr
2023$44.8M · 593 accts · $610K emplr
2022$38.0M · 607 accts · $596K emplr
The Gossner Foods, Inc. 401(k) match · 2024
Employer contribution per active participant$1,227
Median for plans this size$2,416
2024$1,227 per active participant
2023$1,195 per active participant
2022$1,128 per active participant

Gossner Foods, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20241

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

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

Administrative cost history3
2024$2,675 · 0.01%
2023$2,550 · 0.01%
2022$18,438 · 0.04%
Same employer
Similar plansManufacturing · Utah
Snap One, LLC UT$91.8M · 0.33%
Nutraceutical Corporation UT$63.4M · 0.18%
Jas. D. Easton, Inc. UT$56.4M · 0.13%
Ovivo USA LLC UT$51.7M · 0.23%
Biomerics, LLC UT$49.7M · 0.56%
Wavetronix, LLC UT$48.5M · 0.06%
Boman & Kemp Mfg Inc UT$43.0M · 0.26%
Hirevue, Inc. UT$41.1M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 870218472 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.