Plan Ledger DOL Form 5500 · updated monthly

Gourmet Culinary Partners, LLC401(k)

GOURMET CULINARY PARTNERS 401(K) RETIREMENT SAVINGS PLAN · LAKE CITY, GA · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Gourmet Culinary Partners, LLC reported $28,772 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $0 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 0.32% to 0.26%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Georgia (1,164th of 2,160), and the 505th of 2,240 in accommodation & food services. In 2024, employees put in $3139.60 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,288,669
Participants with balances232
Active participants735
Employer contributions$265
Employee contributions$831,995
Employer contribution per active participant$0
Average account balance$48,658
Benefits paid to participants$1,620,021
Plan auditUnmodified (clean) audit opinion
AuditorBAKERTILLY
Plan history3
Yearassets · accounts · employer contribution
2024$11.3M · 232 accts · $265 emplr
2023$10.8M · 231 accts · $4K emplr
2022$9.7M · 264 accts · $734 emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,829
Investment management$21,643
Audit (IQPA)$4,300
Total administrative$28,772
The Gourmet Culinary Partners, LLC 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$2,416
2024$0 per active participant
2023$6 per active participant
2022$1 per active participant

Gourmet Culinary Partners, LLC'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 · 20243
NFP RETIREMENT INC · Investment advisory (plan)$21,643
BAKER TILLY VIRCHOW KRAUSE, LLP · Accounting / audit$4,300

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$28,772 · 0.26%
2023$48,978 · 0.48%
2022$36,188 · 0.32%
Same employer
Similar plansAccommodation & Food Services · Georgia
Tropical Smoothie Cafe, LLC GA$10.4M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 833649071 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.