Plan Ledger DOL Form 5500 · updated monthly

Magic Seasoning Blends, L.L.C.401(k)

MAGIC SEASONING BLENDS, L.L.C. 401(K) PLAN · HARAHAN, LA · plan year 2024

Reported admin expense ratio · 2024
0.78%

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

Magic Seasoning Blends, L.L.C. reported $69,405 in plan administrative expenses for 2024: 0.78% of average plan assets, above the peer median. Employer contributions averaged $1,648 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 0.06% to 0.78%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is the 438th-largest of 884 plans among Louisiana employers on file, and 8,932nd of 13,661 in manufacturing. In 2024, employees put in $3.11 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,716,326
Participants with balances137
Active participants102
Employer contributions$168,146
Employee contributions$523,484
Employer contribution per active participant$1,648
Average account balance$70,922
Benefits paid to participants$351,458
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.7M · 137 accts · $168K emplr
2023$8.1M · 135 accts · $165K emplr
2022$6.9M · 134 accts · $150K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,566
Investment management$64,839
Total administrative$69,405
The Magic Seasoning Blends, L.L.C. 401(k) match · 2024
Employer contribution per active participant$1,648
Median for plans this size$1,313
2024$1,648 per active participant
2023$1,619 per active participant
2022$1,511 per active participant

Magic Seasoning Blends, L.L.C.'s 2024 employer contribution ran above the $1,313 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
FISHER ASSET MANAGEMENT LLC · Recordkeeping · Trustee$47,391
ADP, INC. · Loan processing · Recordkeeping$22,014

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

Recordkeeper by year2
2024ADP, FISHER ASSET MANAGEMENT LLC
2023ADP, FISHER ASSET MANAGEMENT LLC

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

Administrative cost history3
2024$69,405 · 0.78%
2023$50,660 · 0.67%
2022$4,426 · 0.06%
Same employer
Similar plansManufacturing · Louisiana
Gravois Aluminum Boats, LLC LA$11.2M · 0.06%
Westport, L.L.C. LA$11.0M · 0.10%
Aries Marine Corporation LA$9.9M · 0.26%
Michael Reilly Design LLC LA$9.5M · 0.05%
Cembell Industries, Inc. LA$8.9M · 1.16%
Prolec GE USA LLC LA$8.3M · 0.56%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 720984002 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.