Plan Ledger DOL Form 5500 · updated monthly

Paradise Tomato Kitchens, Inc.401(k)

PARADISE TOMATO KITCHENS, INC. 401(K) PROFIT SHARING PLAN · LOUISVILLE, KY · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Paradise Tomato Kitchens, Inc. reported $20,128 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $2,204 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 0.05% to 0.13%. 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 352nd-largest of 871 plans among Kentucky employers on file, and 6,885th of 13,661 in manufacturing. In 2024, employees put in $1.93 for every $1.00 the employer contributed; active participation has grown from 227 to 250 since 2022.

Plan summary
Net assets, end of year$15,714,039
Participants with balances233
Active participants250
Employer contributions$551,114
Employee contributions$1,063,559
Employer contribution per active participant$2,204
Average account balance$67,442
Benefits paid to participants$2,781,356
Plan auditUnmodified (clean) audit opinion
AuditorJONES, NALE AND MATTINGLY, PLC
Plan history4
Yearassets · accounts · employer contribution
2025$0 · $374K emplr
2024$15.7M · 233 accts · $551K emplr
2023$14.6M · 221 accts · $520K emplr
2022$13.8M · 222 accts · $509K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,128
Total administrative$20,128
The Paradise Tomato Kitchens, Inc. 401(k) match · 2024
Employer contribution per active participant$2,204
Median for plans this size$2,416
2024$2,204 per active participant
2023$2,249 per active participant
2022$2,244 per active participant

Paradise Tomato Kitchens, Inc.'s 2024 employer contribution ran below 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 · 20244
LATITUDE SERVICE COMPANY INC · Contract administrator$13,200
SECURITIES AMERICA INC.indirect comp
AMERIPRISE FINANCIAL SERVICES LLCindirect comp

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

Administrative cost history4
2025Not separately reported
2024$20,128 · 0.13%
2023$17,361 · 0.12%
2022$7,342 · 0.05%
Same employer
Similar plansManufacturing · Kentucky
T.Rad North America, Inc. KY$16.5M · 0.78%
Derby Industries, LLC KY$16.3M · 0.12%
Algood Food Company KY$16.0M · 0.04%
Carbide Industries, LLC KY$14.9M · 0.46%
Aichi Forge USA, Inc. KY$14.8M · 0.99%
Lee Masonry Products, Inc. KY$14.6M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 611223475 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.