Plan Ledger DOL Form 5500 · updated monthly

Horizon Food Group, Inc.401(k)

HORIZON FOOD GROUP, INC. 401(K) PROFIT SHARING PLAN · SAN DIEGO, CA · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Horizon Food Group, Inc. reported $12,422 in plan administrative expenses for 2024: 0.10% of average plan assets, lower than ~75% of peers. Employer contributions averaged $389 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 0.100%. 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 among the smaller plans on file in California (4,831st of 9,483), and 7,823rd of 13,661 in manufacturing. In 2024, employees put in $7.41 for every $1.00 the employer contributed; active participation has shrunk from 226 to 179 since 2022.

Plan summary
Net assets, end of year$12,682,001
Participants with balances195
Active participants179
Employer contributions$69,611
Employee contributions$515,523
Employer contribution per active participant$389
Average account balance$65,036
Benefits paid to participants$1,688,172
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.7M · 195 accts · $70K emplr
2023$12.2M · 207 accts · $80K emplr
2022$10.3M · 257 accts · $91K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,182
Investment management$3,240
Total administrative$12,422
The Horizon Food Group, Inc. 401(k) match · 2024
Employer contribution per active participant$389
Median for plans this size$2,416
2024$389 per active participant
2023$392 per active participant
2022$401 per active participant

Horizon Food Group, 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 · 20242
EMPOWER ADVISORY GROUP, LLC · Investment management$3,240

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$12,422 · 0.10%
2023$6,504 · 0.06%
2022$11,009 · 0.10%
Same employer
Similar plansManufacturing · California
Nucal Foods, Inc. CA$12.9M · 0.39%
Astech Holdco, LLC CA$12.9M · 0.30%
Hughes Circuits CA$12.5M · 0.28%
Kings Oil Tools, Inc. CA$12.5M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 943330258 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.