Plan Ledger DOL Form 5500 · updated monthly

Kneaders Bakery and Cafe401(k)

KNEADERS 401(K) RETIREMENT PLAN · AMERICAN FORK, UT · plan year 2023

Reported admin expense ratio · 2023
4.06%

Kneaders Bakery and Cafe reported $29,037 in plan administrative expenses for 2023: 4.06% of average plan assets, higher than ~75% of peers. 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 1 year on file its reported administrative ratio rose from 0.13% to 4.06%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Utah (801st of 848), and 1,752nd of 2,240 in accommodation & food services. active participation has shrunk from 635 to 450 since 2022.

Plan summary
Net assets, end of year$912,902
Participants with balances485
Active participants450
Employer contributions—
Employee contributions$565,760
Employer contribution per active participant—
Average account balance$1,882
Benefits paid to participants$282,625
Plan auditUnmodified (clean) audit opinion
AuditorHBME, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$913K · 485 accts
2022$518K · 596 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$29,037
Total administrative$29,037
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
WC ADMINISTRATORS · Plan administrator$9,254
LPL FINANCIAL · Investment advisory (plan)$728

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

Administrative cost history3
2024Not separately reported
2023$29,037 · 4.06%
2022$665 · 0.13%
Same employer
Similar plansAccommodation & Food Services · Utah
Utah Del Inc UT$2.1M · 0.07%
Cv Holdings Lc UT$1.7M · 1.15%
Rgj Corporation UT$1.2M · 0.13%
D & D Management Group UT$463K · 0.75%
Apollo, LLC UT$340K · 0.15%
Savory Swig Stores LLC UT$210K · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 831793955 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.