Plan Ledger DOL Form 5500 · updated monthly

Happy Day Corporation401(k)

HAPPY DAY CORPORATION 401(K) PLAN · LEWISTON, ID · plan year 2024

Reported admin expense ratio · 2024
1.67%

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

Happy Day Corporation reported $16,973 in plan administrative expenses for 2024: 1.67% of average plan assets, higher than ~90% of peers. Employer contributions averaged $541 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 3.50% to 1.67%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Idaho (317th of 349), and 1,639th of 2,240 in accommodation & food services. In 2024, employees put in $2.28 for every $1.00 the employer contributed; active participation has grown from 166 to 221 since 2022.

Plan summary
Net assets, end of year$1,249,168
Participants with balances263
Active participants221
Employer contributions$119,576
Employee contributions$272,125
Employer contribution per active participant$541
Average account balance$4,750
Benefits paid to participants$17,542
Plan auditUnmodified (clean) audit opinion
AuditorPRESNELL GAGE, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$1.2M · 263 accts · $120K emplr
2023$778K · 213 accts · $113K emplr
2022$361K · 168 accts · $95K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,973
Total administrative$16,973
The Happy Day Corporation 401(k) match · 2024
Employer contribution per active participant$541
Median for plans this size$1,313
2024$541 per active participant
2023$490 per active participant
2022$569 per active participant

Happy Day Corporation's 2024 employer contribution ran below the $1,313 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.

Administrative cost history3
2024$16,973 · 1.67%
2023$12,789 · 2.25%
2022$8,122 · 3.50%
Similar plansAccommodation & Food Services · Idaho
T & K LLC ID$2.2M · 0.29%
Homestyle Direct LLC ID$771K · 1.03%
Pin High Ventures LLC ID$127K · 0.95%

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Source: U.S. Department of Labor, Form 5500 series, EIN 820327334 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.