Plan Ledger DOL Form 5500 · updated monthly

Oberto Snacks Inc.401(k)

OBERTO SNACKS INC. 401(K) PLAN · KENT, WA · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Oberto Snacks Inc. reported $154,571 in plan administrative expenses for 2024: 0.25% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,200 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 fell from 0.30% to 0.25%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 261st-largest of 1,714 plans among Washington employers on file, and the 2,554th of 13,661 in manufacturing. In 2024, employees put in $1.77 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$66,553,017
Participants with balances1,207
Active participants1,195
Employer contributions$2,628,897
Employee contributions$4,660,742
Employer contribution per active participant$2,200
Average account balance$55,139
Benefits paid to participants$7,227,480
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$66.6M · 1,207 accts · $2.6M emplr
2023$58.9M · 1,318 accts · $2.6M emplr
2022$49.3M · 1,279 accts · $2.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$124,810
Investment management$29,761
Total administrative$154,571
The Oberto Snacks Inc. 401(k) match · 2024
Employer contribution per active participant$2,200
Median for plans this size$3,635
2024$2,200 per active participant
2023$2,151 per active participant
2022$1,850 per active participant

Oberto Snacks Inc.'s 2024 employer contribution ran below the $3,635 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$122,460
ALLIANT RETIREMENT SVC · Investment advisory (plan)$29,761

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$154,571 · 0.25%
2023$176,696 · 0.33%
2022$148,220 · 0.30%
Same employer
Similar plansManufacturing · Washington
Michelsen Packaging Company WA$72.4M · 0.18%
Impinj, Inc. WA$71.1M · 0.20%
Nlight, Inc. WA$69.4M · 0.25%
Twin City Foods, Inc. WA$63.4M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 825144642 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.