Plan Ledger DOL Form 5500 · updated monthly

Mrs. Gerry's Kitchen, LLC401(k)

MRS. GERRY'S KITCHEN, LLC 401(K) PROFIT SHARING RETIREMENT PLAN · ALBERT LEA, MN · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Mrs. Gerry's Kitchen, LLC reported $38,887 in plan administrative expenses for 2024: 0.16% of average plan assets, below the peer median. Employer contributions averaged $2,738 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 0.06% to 0.16%. 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 760th-largest of 1,918 plans among Minnesota employers on file, and the 4,960th of 13,661 in manufacturing. In 2024, employees put in $1.57 for every $1.00 the employer contributed; active participation has grown from 178 to 217 since 2022.

Plan summary
Net assets, end of year$26,209,414
Participants with balances320
Active participants217
Employer contributions$594,212
Employee contributions$932,543
Employer contribution per active participant$2,738
Average account balance$81,904
Benefits paid to participants$2,353,066
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$26.2M · 320 accts · $594K emplr
2023$23.8M · 242 accts · $355K emplr
2022$20.3M · 246 accts · $322K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,194
Investment management$22,102
Trustee / custodial$12,591
Total administrative$38,887
The Mrs. Gerry's Kitchen, LLC 401(k) match · 2024
Employer contribution per active participant$2,738
Median for plans this size$2,416
2024$2,738 per active participant
2023$1,860 per active participant
2022$1,810 per active participant

Mrs. Gerry's Kitchen, LLC's 2024 employer contribution ran above the $2,416 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 · 20242
ALERUS FINANCIAL, N.A. · Recordkeeping · Custodial (securities)$16,785
INTELLICENTS INC. · Investment advisory (participants) · Investment advisory (plan)$22,102

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

Recordkeeper by year2
2024Alerus
2023Alerus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$38,887 · 0.16%
2023$9,169 · 0.04%
2022$12,833 · 0.06%
Same employer
Similar plansManufacturing · Minnesota
Wizards Nuts Inc. MN$26.7M · 0.53%
Nonin Medical, Inc. MN$26.2M · 0.32%
The Aagard Group, LLC MN$25.8M · 0.44%
Peerless Chain Company MN$25.1M · 0.44%
Plato Woodwork, Inc. MN$25.1M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411309235 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.