Plan Ledger DOL Form 5500 · updated monthly

Main Street Gourmet LLC401(k)

MAIN STREET GOURMET LLC 401K PLAN · CUYAHOGA FALLS, OH · plan year 2024

Reported admin expense ratio · 2024
0.50%

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

Main Street Gourmet LLC reported $49,218 in plan administrative expenses for 2024: 0.50% of average plan assets, below the peer median. Employer contributions averaged $1,194 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 0.44% to 0.50%. 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 Ohio (1,948th of 3,295), and 8,538th of 13,661 in manufacturing. In 2024, employees put in $2.00 for every $1.00 the employer contributed; active participation has grown from 217 to 325 since 2022.

Plan summary
Net assets, end of year$10,573,842
Participants with balances180
Active participants325
Employer contributions$388,124
Employee contributions$776,392
Employer contribution per active participant$1,194
Average account balance$58,744
Benefits paid to participants$844,581
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.6M · 180 accts · $388K emplr
2023$9.0M · 167 accts · $357K emplr
2022$8.2M · 162 accts · $333K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,877
Investment management$23,341
Total administrative$49,218
The Main Street Gourmet LLC 401(k) match · 2024
Employer contribution per active participant$1,194
Median for plans this size$1,313
2024$1,194 per active participant
2023$1,135 per active participant
2022$1,534 per active participant

Main Street Gourmet LLC's 2024 employer contribution ran below 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
JOHN HANCOCK · Recordkeeping · Investment advisory (participants)$26,050
HAUSER RETIREMENT SOLUTIONS · Investment advisory (participants)$23,168

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

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

Administrative cost history3
2024$49,218 · 0.50%
2023$43,207 · 0.50%
2022$33,579 · 0.44%
Same employer
Similar plansManufacturing · Ohio
Revitalize Capital, LLC OH$10.6M · 0.15%
Thorworks Industries, Inc. OH$10.6M · 0.43%
Haltec Corporation OH$10.6M · 0.41%
Thogus Products Company OH$10.5M · 0.77%
Industry Products Company OH$10.5M · 0.02%
Chromascape Inc. OH$10.4M · 0.78%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341717150 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.