Plan Ledger DOL Form 5500 · updated monthly

Holmes Foods Inc.401(k)

HOLMES FOOD, INC. 401(K) PLAN · NIXON, TX · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

Holmes Foods Inc. reported $59,371 in plan administrative expenses for 2024: 0.49% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,016 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 0.60% to 0.49%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 2,662nd-largest of 5,688 plans among Texas employers on file, and 7,725th of 13,661 in manufacturing. In 2024, employees put in $1.67 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,964,917
Participants with balances181
Active participants487
Employer contributions$494,637
Employee contributions$824,748
Employer contribution per active participant$1,016
Average account balance$71,629
Benefits paid to participants$854,738
Plan auditUnmodified (clean) audit opinion
AuditorRMS US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$13.0M · 181 accts · $495K emplr
2023$11.3M · 161 accts · $415K emplr
2022$9.8M · 165 accts · $392K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$56,875
Investment management$2,496
Total administrative$59,371
The Holmes Foods Inc. 401(k) match · 2024
Employer contribution per active participant$1,016
Median for plans this size$2,416
2024$1,016 per active participant
2023$897 per active participant
2022$746 per active participant

Holmes Foods Inc.'s 2024 employer contribution ran below the $2,416 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 · 20241
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$60,163

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
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$59,371 · 0.49%
2023$51,407 · 0.49%
2022$61,253 · 0.60%
Same employer
Similar plansManufacturing · Texas
Jm Texas Companies, LLC TX$13.0M · 0.64%
I-Corp TX$13.0M · 0.02%
Lamberti USA, Inc. TX$13.0M · 0.08%
Cs Beef Packers, LLC TX$12.9M · 0.02%
Action Gypsum Supply, LP TX$12.9M · 0.63%
Quality Sausage Company LLC TX$12.8M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 741404989 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.