Plan Ledger DOL Form 5500 · updated monthly

Purfoods, LLC401(k)

PURFOODS, LLC DBA MOM'S MEALS 401(K) PLAN · ANKENY, IA · plan year 2024

Reported admin expense ratio · 2024
0.73%

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

Purfoods, LLC reported $278,728 in plan administrative expenses for 2024: 0.73% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,411 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 0.69% to 0.73%. 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 219th-largest of 878 plans among Iowa employers on file, and the 3,518th of 13,661 in manufacturing. In 2024, employees put in $1.92 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$42,718,311
Participants with balances3,762
Active participants2,133
Employer contributions$3,009,399
Employee contributions$5,790,694
Employer contribution per active participant$1,411
Average account balance$11,355
Benefits paid to participants$5,015,897
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$42.7M · 3,762 accts · $3.0M emplr
2023$34.0M · 3,067 accts · $2.8M emplr
2022$24.4M · 4,280 accts · $2.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$223,384
Investment management$55,344
Total administrative$278,728
The Purfoods, LLC 401(k) match · 2024
Employer contribution per active participant$1,411
Median for plans this size$2,416
2024$1,411 per active participant
2023$1,311 per active participant
2022$1,194 per active participant

Purfoods, LLC'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 · 20242
HAYS GROUP INC DBA HAYS COMPANIES · Investment advisory (plan)$55,344

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$278,728 · 0.73%
2023$258,549 · 0.89%
2022$163,975 · 0.69%
Same employer
Similar plansManufacturing · Iowa
Croell, Inc. IA$50.7M · 0.33%
Omaha Standard, LLC IA$46.8M · 0.44%
Custom-Pak, Inc. IA$46.5M · 0.04%
Doerfer Corporation IA$40.0M · 0.25%
Dyersville Ready Mix, Inc. IA$37.8M · 0.21%
Marshalltown Company IA$37.1M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 412096639 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.