Plan Ledger DOL Form 5500 · updated monthly

Massimo Zanetti Beverage USA, Inc.401(k)

MASSIMO ZANETTI BEVERAGE USA, INC. 401(K) PLAN · SUFFOLK, VA · plan year 2023

Reported admin expense ratio · 2023
0.29%

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

Massimo Zanetti Beverage USA, Inc. reported $138,282 in plan administrative expenses for 2023: 0.29% of average plan assets, above the peer median. Employer contributions averaged $2,803 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 3 years on file its reported administrative ratio has held roughly steady near 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 485th-largest of 2,266 plans among Virginia employers on file, and the 3,123rd of 13,661 in manufacturing. In 2023, employees put in $2.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$50,538,364
Participants with balances572
Active participants521
Employer contributions$1,460,435
Employee contributions$3,027,286
Employer contribution per active participant$2,803
Average account balance$88,354
Benefits paid to participants$5,341,320
Plan auditUnmodified (clean) audit opinion
AuditorWALL, EINHORN & CHERNITZER, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$48.2M · 777 accts · $1.4M emplr
2023$50.5M · 572 accts · $1.5M emplr
2022$44.2M · 561 accts · $1.4M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$54,470
Investment management$83,812
Total administrative$138,282
The Massimo Zanetti Beverage USA, Inc. 401(k) match · 2023
Employer contribution per active participant$2,803
Median for plans this size$2,440
2024$2,509 per active participant
2023$2,803 per active participant
2022$2,749 per active participant

Massimo Zanetti Beverage USA, Inc.'s 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
UBS FINANCIAL SERVICES INC · Investment advisory (plan)$68,137
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$54,470
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$15,675

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

Administrative cost history3
2024$140,730 · 0.28%
2023$138,282 · 0.29%
2022$142,429 · 0.29%
Same employer
Similar plansManufacturing · Virginia
Cadence, Inc. VA$60.4M · 0.09%
Fortis Solutions Group, LLC VA$52.7M · 0.00%
Liqui-Box Corporation VA$51.8M · 0.08%
Superior Paving Corp. VA$47.7M · 0.22%
Colonna's Shipyard, Inc. VA$46.2M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 760538725 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.