Plan Ledger DOL Form 5500 · updated monthly

Mjb Pizza, Inc.401(k)

BARRO'S PIZZA 401(K) PLAN · PHOENIX, AZ · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Mjb Pizza, Inc. reported $39,266 in plan administrative expenses for 2024: 0.44% of average plan assets, below the peer median. Employer contributions averaged $2,174 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 0.34% to 0.44%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is the 599th-largest of 1,285 plans among Arizona employers on file, and the 567th of 2,240 in accommodation & food services. In 2024, employees put in $1.68 for every $1.00 the employer contributed; active participation has shrunk from 230 to 187 since 2022.

Plan summary
Net assets, end of year$9,810,741
Participants with balances159
Active participants187
Employer contributions$406,454
Employee contributions$682,512
Employer contribution per active participant$2,174
Average account balance$61,703
Benefits paid to participants$392,383
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.8M · 159 accts · $406K emplr
2023$7.8M · 155 accts · $414K emplr
2022$6.5M · 201 accts · $432K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,266
Total administrative$39,266
The Mjb Pizza, Inc. 401(k) match · 2024
Employer contribution per active participant$2,174
Median for plans this size$1,313
2024$2,174 per active participant
2023$2,494 per active participant
2022$1,878 per active participant

Mjb Pizza, Inc.'s 2024 employer contribution ran above 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 · 20243
EDWARD D. JONES & CO., L.P.$29,391
FORVIS, LLP · Accounting / auditindirect comp
SUNWEST PENSIONS · Loan processingindirect 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$39,266 · 0.44%
2023$42,486 · 0.59%
2022$23,260 · 0.34%
Similar plansAccommodation & Food Services · Arizona
Forever Resorts, L.L.C AZ$20.6M · 0.10%
Upward Projects AZ$4.7M · 1.60%
Frc Balance LLC AZ$4.4M · 0.53%
M Culinary Concepts, Inc. AZ$3.9M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 860562285 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.