Plan Ledger DOL Form 5500 · updated monthly

Guido's Quality Fruit & Produce401(k)

GUIDO'S QUALITY FRUIT & PRODUCE 401(K) SAVINGS PLAN · PITTSFIELD, MA · plan year 2023

Reported admin expense ratio · 2023
0.82%

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

Guido's Quality Fruit & Produce reported $94,395 in plan administrative expenses for 2023: 0.82% of average plan assets, higher than ~90% of peers. Employer contributions averaged $976 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 has held roughly steady near 0.82%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Massachusetts (1,692nd of 2,726), and the 2,209th of 5,215 in retail trade. In 2023, employees put in $2.04 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,504,805
Participants with balances116
Active participants196
Employer contributions$191,303
Employee contributions$391,038
Employer contribution per active participant$976
Average account balance$107,800
Benefits paid to participants$769,312
Plan auditUnmodified (clean) audit opinion
AuditorLOMBARDI & KEEGAN
Plan history2
Yearassets · accounts · employer contribution
2023$12.5M · 116 accts · $191K emplr
2022$10.5M · 109 accts · $192K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$51,835
Investment management$40,560
Total administrative$94,395
The Guido's Quality Fruit & Produce 401(k) match · 2023
Employer contribution per active participant$976
Median for plans this size$2,440
2023$976 per active participant
2022$1,321 per active participant

Guido's Quality Fruit & Produce's 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$386
CREATIVE PLANNING, LLC · Investment advisory (participants)$40,560

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

Administrative cost history2
2023$94,395 · 0.82%
2022$80,968 · 0.81%
Same employer
Similar plansRetail Trade · Massachusetts
Amb & Rg Enterprises, LLC MA$13.7M · 0.07%
Copeland Enterprises, Inc. MA$13.3M · 0.50%
Sarat Ford Sales, Inc. MA$13.1M · 0.11%
Fruit Center, Inc. MA$11.8M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042722288 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.