Plan Ledger DOL Form 5500 · updated monthly

Megamex Foods LLC401(k)

MEGAMEX FOODS, LLC 401(K) PLAN · ORANGE, CA · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Megamex Foods LLC reported $56,356 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $1,226 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 0.27%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 3,342nd-largest of 9,483 plans among California employers on file, and the 5,485th of 13,661 in manufacturing. In 2024, employees put in $1.98 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,530,744
Participants with balances330
Active participants639
Employer contributions$783,277
Employee contributions$1,548,781
Employer contribution per active participant$1,226
Average account balance$68,275
Benefits paid to participants$1,950,513
Plan auditDisclaimer of opinion
AuditorBPM LLP
Plan history3
Yearassets · accounts · employer contribution
2024$22.5M · 330 accts · $783K emplr
2023$19.5M · 272 accts · $740K emplr
2022$16.3M · 267 accts · $660K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$56,356
Total administrative$56,356
The Megamex Foods LLC 401(k) match · 2024
Employer contribution per active participant$1,226
Median for plans this size$2,416
2024$1,226 per active participant
2023$1,176 per active participant
2022$1,119 per active participant

Megamex Foods LLC's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$56,355
WELLS FARGO ADVISORS INS AGENCY LLC · Other servicesindirect comp
WELLS FARGO ADVISORS FIN NETWORK · Other servicesindirect comp

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$56,356 · 0.27%
2023$48,066 · 0.27%
2022$44,647 · 0.26%
Same employer
Similar plansManufacturing · California
K-1 Packaging Group CA$22.8M · 0.30%
Pct Enterprises, Inc. CA$22.8M · 0.19%
Q-Tech Corporation CA$22.7M · 0.32%
The Hess Collection Winery CA$22.7M · 0.21%
Opto 22 CA$22.4M · 0.32%
Fn Cellars, LLC CA$22.4M · 0.30%
Hawker Pacific Aerospace CA$22.2M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 271244229 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.