Plan Ledger DOL Form 5500 · updated monthly

Porky Products, Inc.401(k)

PORKY PRODUCTS INC. EMPLOYEE'S PROFIT SHARING & SAVINGS PLAN · CARTERET, NJ · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Porky Products, Inc. reported $138,395 in plan administrative expenses for 2024: 0.24% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,004 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 0.26% to 0.24%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 513th-largest of 2,419 plans among New Jersey employers on file, and the 677th of 4,246 in wholesale trade. In 2024, employees put in $1.97 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$60,711,727
Participants with balances292
Active participants270
Employer contributions$1,081,022
Employee contributions$2,128,142
Employer contribution per active participant$4,004
Average account balance$207,917
Benefits paid to participants$5,292,020
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$60.7M · 292 accts · $1.1M emplr
2023$54.7M · 271 accts · $1.0M emplr
2022$49.9M · 258 accts · $899K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$138,395
Total administrative$138,395
The Porky Products, Inc. 401(k) match · 2024
Employer contribution per active participant$4,004
Median for plans this size$3,635
2024$4,004 per active participant
2023$3,840 per active participant
2022$3,583 per active participant

Porky Products, Inc.'s 2024 employer contribution ran above the $3,635 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$138,395

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$138,395 · 0.24%
2023$124,030 · 0.24%
2022$138,009 · 0.26%
Same employer
Similar plansWholesale Trade · New Jersey
Casio America, Inc. NJ$69.8M · 0.00%
Delta Galil USA, Inc. NJ$64.4M · 0.43%
Safilo USA, Inc. NJ$61.6M · 0.24%
True World Holdings LLC NJ$55.9M · 0.17%
Miele, Inc. NJ$52.7M · 0.27%
Roosevelt Paper Company NJ$51.9M · 0.00%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 131956931 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.