Plan Ledger DOL Form 5500 · updated monthly

Middle East Bakery, Inc.401(k)

JOSEPH'S BAKERY 401(K) RETIREMENT PLAN · LAWRENCE, MA · plan year 2024

Reported admin expense ratio · 2024
0.43%

Middle East Bakery, Inc. reported $3,742 in plan administrative expenses for 2024: 0.43% of average plan assets, lower than ~75% 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 fell from 1.45% to 0.43%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Massachusetts (2,634th of 2,726), and 13,253rd of 13,661 in manufacturing. active participation has grown from 195 to 260 since 2022.

Plan summary
Net assets, end of year$1,054,749
Participants with balances234
Active participants260
Employer contributions—
Employee contributions$315,105
Employer contribution per active participant—
Average account balance$4,507
Benefits paid to participants$49,388
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.1M · 234 accts
2023$692K · 171 accts
2022$410K · 148 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,742
Total administrative$3,742
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.

Administrative cost history3
2024$3,742 · 0.43%
2023$4,175 · 0.76%
2022$5,246 · 1.45%
Similar plansManufacturing · Massachusetts
Res-Tech Corporation MA$1.8M · 0.57%
Downeast Cider House, LLC MA$1.8M · 0.22%
Teespring MA$1.5M · 0.39%
Merrow Manufacturing, LLC MA$1.2M · 0.68%
Lord Hobo Brewing Company MA$698K · 1.93%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042506300 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.