Plan Ledger DOL Form 5500 · updated monthly

Polly's Food Service, Inc.401(k)

POLLY'S FOOD SERVICE & AFFILIATES EMPLOYEES' RETIREMENT PLAN · JACKSON, MI · plan year 2024

Reported admin expense ratio · 2024
0.62%

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

Polly's Food Service, Inc. reported $39,759 in plan administrative expenses for 2024: 0.62% of average plan assets, above the peer median. Employer contributions averaged $729 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 0.51% to 0.62%. 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 Michigan (1,829th of 2,619), and 3,327th of 5,215 in retail trade. In 2024, the employer put in $1.03 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$6,677,136
Participants with balances183
Active participants194
Employer contributions$141,337
Employee contributions$136,750
Employer contribution per active participant$729
Average account balance$36,487
Benefits paid to participants$561,829
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.7M · 183 accts · $141K emplr
2023$6.1M · 206 accts · $489K emplr
2022$5.1M · 197 accts · $11K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,693
Investment management$18,809
Trustee / custodial$1,867
Total administrative$39,759
The Polly's Food Service, Inc. 401(k) match · 2024
Employer contribution per active participant$729
Median for plans this size$1,313
2024$729 per active participant
2023$2,809 per active participant
2022$63 per active participant

Polly's Food Service, 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 · 20243
SENTINEL BENEFITS GROUP, LLC · Recordkeeping · Loan processing$18,693
DILLON ASSOCIATES · Investment advisory (plan)$18,809
CHARLES SCHWAB & CO., INC. · Custodial (securities) · Trustee (directed)$2,257

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

Recordkeeper by year2
2024Sentinel Group
2023Sentinel Group

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

Administrative cost history3
2024$39,759 · 0.62%
2023$35,429 · 0.63%
2022$29,825 · 0.51%
Same employer
Similar plansRetail Trade · Michigan
Sellers Automotive, Inc. MI$6.8M · 0.61%
Jays Outdoors LLC MI$6.8M · 0.57%
Leppink's, Inc. MI$6.7M · 0.71%
Burt Watson Chevrolet Inc MI$6.5M · 0.64%
Taylor Ford, Inc. MI$6.3M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 380935150 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.