Plan Ledger DOL Form 5500 · updated monthly

Perikin Enterprises, LLC401(k)

PERIKIN ENTERPRISES 401(K) PLAN · ALBUQUERQUE, NM · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Perikin Enterprises, LLC reported $34,710 in plan administrative expenses for 2024: 0.61% of average plan assets, above the peer median. Employer contributions averaged $2,614 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 0.42% to 0.61%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in New Mexico (176th of 290), and 1,296th of 2,534 in administrative & support services. In 2024, employees put in $1.91 for every $1.00 the employer contributed; active participation has grown from 111 to 154 since 2022.

Plan summary
Net assets, end of year$6,321,533
Participants with balances143
Active participants154
Employer contributions$402,550
Employee contributions$769,769
Employer contribution per active participant$2,614
Average account balance$44,207
Benefits paid to participants$697,118
Plan auditUnmodified (clean) audit opinion
AuditorC. MARC MARTIN, CPA
Plan history3
Yearassets · accounts · employer contribution
2024$6.3M · 143 accts · $403K emplr
2023$5.1M · 153 accts · $77K emplr
2022$4.4M · 132 accts · $207K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,560
Investment management$150
Total administrative$34,710
The Perikin Enterprises, LLC 401(k) match · 2024
Employer contribution per active participant$2,614
Median for plans this size$1,313
2024$2,614 per active participant
2023$448 per active participant
2022$1,867 per active participant

Perikin Enterprises, LLC'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 · 20241
ADP, INC. · Loan processing · Recordkeeping$34,709

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$34,710 · 0.61%
2023$25,942 · 0.54%
2022$19,207 · 0.42%
Same employer
Similar plansAdministrative & Support Services · New Mexico
Compa Industries, Inc. NM$11.9M · 0.08%
Akal Security, Inc. NM$10.8M · 0.70%
Healthcare Packaging US NM$10.1M · 0.60%
Adc LTD Nm NM$7.0M · 0.39%
Riven Rock Staffing, LLC NM$53K · 3.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 900539842 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.