Plan Ledger DOL Form 5500 · updated monthly

Ifs Acquisition LLC401(k)

INDIVIDUAL FOODSERVICE 401(K) PLAN · BELL, CA · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Ifs Acquisition LLC reported $91,989 in plan administrative expenses for 2024: 0.53% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,647 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 has held roughly steady near 0.53%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 3,843rd-largest of 9,483 plans among California employers on file, and the 2,034th of 4,246 in wholesale trade. In 2024, employees put in $2.71 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$18,420,378
Participants with balances240
Active participants165
Employer contributions$436,802
Employee contributions$1,184,121
Employer contribution per active participant$2,647
Average account balance$76,752
Benefits paid to participants$1,482,954
Plan auditUnmodified (clean) audit opinion
AuditorRIVERA, JAMJIAN & ASSOCIATES, LLP
Plan history2
Yearassets · accounts · employer contribution
2024$18.4M · 240 accts · $437K emplr
2023$16.0M · 237 accts · $503K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$91,989
Total administrative$91,989
The Ifs Acquisition LLC 401(k) match · 2024
Employer contribution per active participant$2,647
Median for plans this size$2,416
2024$2,647 per active participant
2023$2,170 per active participant

Ifs Acquisition LLC's 2024 employer contribution ran above the $2,416 median for plans its size. 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
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$1,038
MERRILL LYNCH · Investment advisory (participants)$51,898

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

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Administrative cost history2
2024$91,989 · 0.53%
2023$91,250 · 0.56%
All plans at this employer2
INDIVIDUAL FOODSERVICE UNION RETIREMENT PLAN401(k)
INDIVIDUAL FOODSERVICE 401(K) PLAN401(k)
Same employer
Similar plansWholesale Trade · California
Saxco International, LLC CA$18.6M · 0.18%
Robert Kaufman Co., Inc. CA$18.4M · 0.36%
Matagrano, Inc. CA$18.4M · 0.29%
Calico Brands, Inc. CA$18.0M · 0.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 830830569 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.