Plan Ledger DOL Form 5500 · updated monthly

Grand Prairie Foods401(k)

GRAND PRAIRIE FOODS 401(K) PLAN · SIOUX FALLS, SD · plan year 2024

Reported admin expense ratio · 2024
1.13%

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

Grand Prairie Foods reported $35,454 in plan administrative expenses for 2024: 1.13% of average plan assets, higher than ~75% of peers. Employer contributions averaged $707 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 0.84% to 1.13%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in South Dakota (203rd of 233), and 11,952nd of 13,661 in manufacturing. In 2024, employees put in $3.31 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,608,695
Participants with balances152
Active participants211
Employer contributions$149,175
Employee contributions$493,707
Employer contribution per active participant$707
Average account balance$23,741
Benefits paid to participants$296,901
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.6M · 152 accts · $149K emplr
2023$2.7M · 181 accts · $134K emplr
2022$1.9M · 161 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,330
Investment management$10,124
Total administrative$35,454
The Grand Prairie Foods 401(k) match · 2024
Employer contribution per active participant$707
Median for plans this size$1,313
2024$707 per active participant
2023$683 per active participant

Grand Prairie Foods's 2024 employer contribution ran below the $1,313 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 · 20243
JOHN HANCOCK · Recordkeeping · Loan processing$16,053
SPECTRUM PENSION CONSULTANTS, INC. · Accounting / audit · Claims processing$9,277
RAYMOND JAMES · Loan processing$10,124

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

Recordkeeper by year2
2024John Hancock, SPECTRUM PENSION CONSULTANTS, INC.
2023SPECTRUM PENSION CONSULTANTS, INC.

This plan has changed recordkeepers within these filings. If you left Grand Prairie Foods before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$35,454 · 1.13%
2023$22,450 · 0.99%
2022$17,151 · 0.84%
Same employer
Similar plansManufacturing · South Dakota
Dakota Bodies, LLC SD$4.2M · 0.86%
Dakota Tube, Inc. SD$1.3M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 204245716 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.