Plan Ledger DOL Form 5500 · updated monthly

Innovative Foodservice Group, Inc.401(k)

INNOVATIVE FOODSERVICE GROUP 401(K) PLAN · TAMPA, FL · plan year 2022

Reported admin expense ratio · 2022
0.62%

Innovative Foodservice Group, Inc. reported $15,138 in plan administrative expenses for 2022: 0.62% of average plan assets, above the peer median. 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Florida (3,096th of 3,644), and 12,792nd of 13,661 in manufacturing.

Plan summary
Net assets, end of year$2,078,569
Participants with balances71
Active participants203
Employer contributions—
Employee contributions$165,766
Employer contribution per active participant—
Average account balance$29,276
Benefits paid to participants$589,348
Plan auditUnmodified (clean) audit opinion
AuditorJMM CPA
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$10,138
Investment management$5,000
Total administrative$15,138
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$15,138 · 0.62%
Similar plansManufacturing · Florida
Jr Plastics FL$2.3M · 0.08%
Exxelia USA Inc FL$2.3M · 1.12%
Ideal Deals, LLC FL$2.0M · 0.74%
Msp Industries, LLC FL$1.9M · 0.86%

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Source: U.S. Department of Labor, Form 5500 series, EIN 821290067 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.