Plan Ledger DOL Form 5500 · updated monthly

Honeyville, Inc401(k)

HONEYVILLE, INC RETIREMENT PLAN · OGDEN, UT · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Honeyville, Inc reported $41,941 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $1,162 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 0.35% to 0.38%. 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 418th-largest of 848 plans among Utah employers on file, and 8,107th of 13,661 in manufacturing. In 2024, employees put in $2.40 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,742,742
Participants with balances346
Active participants305
Employer contributions$354,519
Employee contributions$851,472
Employer contribution per active participant$1,162
Average account balance$33,939
Benefits paid to participants$1,100,657
Plan auditUnmodified (clean) audit opinion
AuditorDAVIS & BOTT
Plan history3
Yearassets · accounts · employer contribution
2024$11.7M · 346 accts · $355K emplr
2023$10.4M · 361 accts · $320K emplr
2022$9.4M · 324 accts · $312K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,941
Total administrative$41,941
The Honeyville, Inc 401(k) match · 2024
Employer contribution per active participant$1,162
Median for plans this size$2,416
2024$1,162 per active participant
2023$1,009 per active participant
2022$1,043 per active participant

Honeyville, 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
ASCENSUS LLC · Loan processing · Recordkeeping$41,941

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$41,941 · 0.38%
2023$40,859 · 0.41%
2022$35,178 · 0.35%
Same employer
Similar plansManufacturing · Utah
Authentic Brands, LLC UT$13.5M · 0.66%
Trove Brands, LLC UT$12.1M · 0.54%
Asea, LLC UT$11.4M · 0.08%
Utah Medical Products, Inc. UT$11.1M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 870291693 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.