Plan Ledger DOL Form 5500 · updated monthly

Papa, Inc.401(k)

PAPA, INC. 401(K) PLAN · MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Papa, Inc. reported $23,486 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $4,338 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 0.36% to 0.29%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Florida (1,943rd of 3,644), and 6,217th of 11,911 in health care & social assistance. In 2024, employees put in $1.75 for every $1.00 the employer contributed; active participation has shrunk from 430 to 198 since 2022.

Plan summary
Net assets, end of year$8,580,849
Participants with balances329
Active participants198
Employer contributions$858,924
Employee contributions$1,505,090
Employer contribution per active participant$4,338
Average account balance$26,082
Benefits paid to participants$2,969,323
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.6M · 329 accts · $859K emplr
2023$7.8M · 483 accts · $1.3M emplr
2022$4.0M · 514 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,486
Total administrative$23,486
The Papa, Inc. 401(k) match · 2024
Employer contribution per active participant$4,338
Median for plans this size$1,313
2024$4,338 per active participant
2023$3,329 per active participant
2022$2,384 per active participant

Papa, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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
ADP, INC. · Loan processing · Recordkeeping$23,485
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$23,486 · 0.29%
2023$19,382 · 0.33%
2022$14,139 · 0.36%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Housing Partnership, Inc. FL$8.7M · 0.05%
Tmf USA, Inc. FL$8.6M · 0.48%
Family Central, Inc. FL$8.5M · 0.87%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364936066 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.