Plan Ledger DOL Form 5500 · updated monthly

Missouri Prime Beef Packers, LLC401(k)

MISSOURI PRIME BEEF PACKERS, LLC 401(K) PLAN · PLEASANT HOPE, MO · plan year 2023

Reported admin expense ratio · 2023
1.72%

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

Missouri Prime Beef Packers, LLC reported $17,707 in plan administrative expenses for 2023: 1.72% of average plan assets, higher than ~90% of peers. Employer contributions averaged $595 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 1 year on file its reported administrative ratio fell from 2.42% to 1.72%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Missouri (1,313th of 1,393), and 4,897th of 5,215 in retail trade. In 2023, employees put in $1.21 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,258,211
Participants with balances322
Active participants326
Employer contributions$193,887
Employee contributions$235,236
Employer contribution per active participant$595
Average account balance$3,907
Benefits paid to participants$124,025
Plan auditUnmodified (clean) audit opinion
AuditorVARNEY & ASSOCIATES, CPAS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $73K emplr
2023$1.3M · 322 accts · $194K emplr
2022$797K · 351 accts · $288K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$17,707
Total administrative$17,707
The Missouri Prime Beef Packers, LLC 401(k) match · 2023
Employer contribution per active participant$595
Median for plans this size$1,308
2023$595 per active participant
2022$941 per active participant

Missouri Prime Beef Packers, LLC's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
VOYA RETIREMENT INS & ANNUITY CO · Investment advisory (participants)indirect 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
2024Not separately reported
2023$17,707 · 1.72%
2022$14,506 · 2.42%
Same employer
Similar plansRetail Trade · Missouri
G5 Enterprises, Inc MO$1.8M · 0.44%
W-K Chevrolet, Inc. MO$1.4M · 0.20%
Elg Palladium Group, LLC MO$1.3M · 1.26%
Gier Oil Company, Inc. MO$1.3M · 0.62%
Summersalt Inc. MO$1.1M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 850822593 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.