Plan Ledger DOL Form 5500 · updated monthly

Proffer Wholesale Produce Inc401(k)

PROFFER PRODUCE 401(K) PLAN · PARK HILLS, MO · plan year 2024

Reported admin expense ratio · 2024
1.94%

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

Proffer Wholesale Produce Inc reported $20,486 in plan administrative expenses for 2024: 1.94% of average plan assets, higher than ~90% of peers. Employer contributions averaged $770 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 1.82% to 1.94%. 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 Missouri (1,318th of 1,393), and 4,920th of 5,215 in retail trade. In 2024, employees put in $1.93 for every $1.00 the employer contributed; active participation has grown from 141 to 157 since 2022.

Plan summary
Net assets, end of year$1,196,311
Participants with balances150
Active participants157
Employer contributions$120,868
Employee contributions$233,565
Employer contribution per active participant$770
Average account balance$7,975
Benefits paid to participants$176,090
Plan auditQualified audit opinion
AuditorMALONEY, WRIGHT & ROBBINS, CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$1.2M · 150 accts · $121K emplr
2023$912K · 144 accts · $102K emplr
2022$569K · 130 accts · $91K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,486
Total administrative$20,486
The Proffer Wholesale Produce Inc 401(k) match · 2024
Employer contribution per active participant$770
Median for plans this size$1,313
2024$770 per active participant
2023$664 per active participant
2022$647 per active participant

Proffer Wholesale Produce 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$20,485
NBC SECURITIES INC · Other servicesindirect 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$20,486 · 1.94%
2023$15,954 · 2.15%
2022$8,430 · 1.82%
Similar plansRetail Trade · Missouri
W-K Chevrolet, Inc. MO$1.4M · 0.20%
Elg Palladium Group, LLC MO$1.3M · 1.26%
Gier Oil Company, Inc. MO$1.3M · 0.62%
Summersalt Inc. MO$1.1M · 0.21%
Rapid Robert's, Inc. MO$930K · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 430974873 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.