Plan Ledger DOL Form 5500 · updated monthly

Magnolia Operating LLC401(k)

MAGNOLIA BAKERY 401(K) RETIREMENT PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
1.84%

Magnolia Operating LLC reported $37,640 in plan administrative expenses for 2024: 1.84% of average plan assets, higher than ~90% 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 2 years on file its reported administrative ratio rose from 0.22% to 1.84%. 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 among the smaller plans on file in New York (5,106th of 5,648), and 12,778th of 13,661 in manufacturing. active participation has grown from 254 to 292 since 2022.

Plan summary
Net assets, end of year$2,107,703
Participants with balances355
Active participants292
Employer contributions—
Employee contributions$546,705
Employer contribution per active participant—
Average account balance$5,937
Benefits paid to participants$662,825
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.1M · 355 accts
2023$2.0M · 760 accts
2022$1.3M · 662 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,640
Total administrative$37,640
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 · 20241
ADP, INC. · Loan processing · Recordkeeping$37,640

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
2023ADP

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

Administrative cost history3
2024$37,640 · 1.84%
2023$4,881 · 0.29%
2022$2,884 · 0.22%
Similar plansManufacturing · New York
Richardson Brands Company NY$2.2M · 0.19%
The Avon Company NY$2.2M · 0.56%
Mmm Consumer Brands NY$2.0M · 0.59%
Etro Fashion USA Inc NY$1.9M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 611509168 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.