Plan Ledger DOL Form 5500 · updated monthly

Grain Craft, LLC401(k)

GRAIN CRAFT 401(K) PLAN · CHATTANOOGA, TN · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Grain Craft, LLC reported $124,654 in plan administrative expenses for 2024: 0.18% of average plan assets, above the peer median. Employer contributions averaged $3,629 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 0.06% to 0.18%. 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 220th-largest of 1,496 plans among Tennessee employers on file, and the 2,396th of 13,661 in manufacturing. In 2024, employees put in $1.49 for every $1.00 the employer contributed; active participation has grown from 492 to 612 since 2022.

Plan summary
Net assets, end of year$72,598,999
Participants with balances573
Active participants612
Employer contributions$2,221,142
Employee contributions$3,319,674
Employer contribution per active participant$3,629
Average account balance$126,700
Benefits paid to participants$6,124,672
Plan auditUnmodified (clean) audit opinion
AuditorALLEN, GIBBS & HOULIK, L.C.
Plan history3
Yearassets · accounts · employer contribution
2024$72.6M · 573 accts · $2.2M emplr
2023$63.6M · 565 accts · $2.2M emplr
2022$58.3M · 582 accts · $743K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$83,443
Investment management$41,211
Total administrative$124,654
The Grain Craft, LLC 401(k) match · 2024
Employer contribution per active participant$3,629
Median for plans this size$3,635
2024$3,629 per active participant
2023$4,832 per active participant
2022$1,511 per active participant

Grain Craft, LLC'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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$83,443
INVESTMENT RESEARCH AND · Investment advisory (plan)$41,221

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$124,654 · 0.18%
2023$115,659 · 0.19%
2022$33,991 · 0.06%
Same employer
Similar plansManufacturing · Tennessee
Franke USA Holding Inc. TN$82.1M · 0.13%
Entrans International, LLC TN$79.8M · 0.30%
Malibu Boats, LLC TN$74.2M · 0.50%
Southern Towing Company TN$70.5M · 0.05%
Techmer Pm, LLC TN$69.1M · 0.21%
The Carlstar Group LLC TN$68.9M · 0.35%
Microport Orthopedics Inc. TN$66.6M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 581920393 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.