Plan Ledger DOL Form 5500 · updated monthly

Ole Mexican Foods, Inc.401(k)

OLE MEXICAN FOODS, INC. 401(K) PLAN · NORCROSS, GA · plan year 2024

Reported admin expense ratio · 2024
0.85%

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

Ole Mexican Foods, Inc. reported $46,973 in plan administrative expenses for 2024: 0.85% of average plan assets, higher than ~75% of peers. Employer contributions averaged $535 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 0.78% to 0.85%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Georgia (1,522nd of 2,160), and 10,592nd of 13,661 in manufacturing. In 2024, employees put in $2.44 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,187,336
Participants with balances246
Active participants730
Employer contributions$390,871
Employee contributions$954,081
Employer contribution per active participant$535
Average account balance$25,152
Benefits paid to participants$422,592
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.2M · 246 accts · $391K emplr
2023$4.9M · 227 accts · $316K emplr
2022$4.3M · 200 accts · $39K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,392
Investment management$21,581
Total administrative$46,973
The Ole Mexican Foods, Inc. 401(k) match · 2024
Employer contribution per active participant$535
Median for plans this size$1,313
2024$535 per active participant
2023$454 per active participant
2022$57 per active participant

Ole Mexican Foods, Inc.'s 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
TRANSAMERICA FINANCIAL LIFE INS. CO · Recordkeeping · Loan processing$25,392
MERRILL LYNCH LIFE AGENCY, INC. · Consulting · Insurance services$21,581

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$46,973 · 0.85%
2023$40,327 · 0.88%
2022$36,578 · 0.78%
Same employer
Similar plansManufacturing · Georgia
Swan Products LLC GA$6.5M · 0.96%
Sargent & Greenleaf, Inc. GA$6.2M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 581847060 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.