Plan Ledger DOL Form 5500 · updated monthly

Hispanic Foods, Inc.401(k)

FIESTA FOODS 401(K) PLAN · PASCO, WA · plan year 2024

Reported admin expense ratio · 2024
1.12%

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

Hispanic Foods, Inc. reported $25,893 in plan administrative expenses for 2024: 1.12% of average plan assets, higher than ~75% of peers. Employer contributions averaged $556 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 3 years on file its reported administrative ratio has held roughly steady near 1.12%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Washington (1,529th of 1,714), and 4,509th of 5,215 in retail trade. In 2024, employees put in $2.84 for every $1.00 the employer contributed; active participation has grown from 189 to 212 since 2022.

Plan summary
Net assets, end of year$2,535,856
Participants with balances233
Active participants212
Employer contributions$117,974
Employee contributions$335,450
Employer contribution per active participant$556
Average account balance$10,884
Benefits paid to participants$157,043
Plan auditUnmodified (clean) audit opinion
AuditorALDRICH CPAS & ADVISORS, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$2.5M · 233 accts · $118K emplr
2023$2.1M · 212 accts · $104K emplr
2022$1.7M · 100 accts · $51K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,635
Investment management$11,258
Total administrative$25,893
The Hispanic Foods, Inc. 401(k) match · 2024
Employer contribution per active participant$556
Median for plans this size$1,313
2024$556 per active participant
2023$506 per active participant
2022$268 per active participant

Hispanic Foods, Inc.'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.

Service providers · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$15,789
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$11,258

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$25,893 · 1.12%
2023$18,125 · 0.96%
2022$21,302 · 1.16%
Similar plansRetail Trade · Washington
Farwest Sports Inc WA$3.3M · 1.14%
Sst Group, LLC WA$3.1M · 0.82%
Poulsbo Rv, Inc. WA$3.0M · 0.61%
Fred's Appliance, Inc. WA$2.7M · 0.82%
Pawn 1, Inc. WA$2.5M · 0.99%
Molbak's, LLC WA$2.3M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 931311985 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.