Plan Ledger DOL Form 5500 · updated monthly

Paradise Foods, Inc.401(k)

CONSOLIDATED MANAGERS RETIREMENT PLAN · NATCHEZ, MS · plan year 2024

Reported admin expense ratio · 2024
0.00%

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

Paradise Foods, Inc. reported $1 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $792 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 0.14% to 0.00%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Mississippi (324th of 367), and 4,732nd of 5,215 in retail trade. In 2024, employees put in $1.93 for every $1.00 the employer contributed; active participation has shrunk from 69 to 58 since 2022.

Plan summary
Net assets, end of year$1,771,023
Participants with balances124
Active participants58
Employer contributions$45,954
Employee contributions$88,483
Employer contribution per active participant$792
Average account balance$14,282
Benefits paid to participants$253,453
Plan auditUnmodified (clean) audit opinion
AuditorSILAS SIMMONS, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$1.8M · 124 accts · $46K emplr
2023$1.7M · 126 accts · $40K emplr
2022$1.6M · 127 accts · $62K emplr
Administrative expenses, itemized · 2024
Trustee / custodial$1
Total administrative$1
The Paradise Foods, Inc. 401(k) match · 2024
Employer contribution per active participant$792
Median for plans this size$1,313
2024$792 per active participant
2023$621 per active participant
2022$901 per active participant

Paradise Foods, Inc.'s 2024 employer contribution ran below 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 · 20241
LPL FINANCIAL CORPORATION · Investment advisory (plan)indirect 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$1 · 0.00%
2023$2,040 · 0.13%
2022$2,292 · 0.14%
Same employer
Similar plansRetail Trade · Mississippi
Prince Oil Company, Inc. MS$3.4M · 0.77%
Kirk Auto Co. MS$2.4M · 0.57%
Sullivan's Inc. MS$431K · 1.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 640867887 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.