Plan Ledger DOL Form 5500 · updated monthly

Quality Pork Processors, Incorporated401(k)

QUALITY SELECT 401(K) PLAN · DALLAS, TX · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Quality Pork Processors, Incorporated reported $35,941 in plan administrative expenses for 2024: 0.14% of average plan assets, below the peer median. Employer contributions averaged $937 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 0.34% to 0.14%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is the 1,615th-largest of 5,688 plans among Texas employers on file, and the 172nd of 945 in agriculture, forestry & fishing. In 2024, employees put in $1.49 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$28,013,700
Participants with balances950
Active participants1,422
Employer contributions$1,332,710
Employee contributions$1,988,296
Employer contribution per active participant$937
Average account balance$29,488
Benefits paid to participants$3,241,907
Plan auditUnmodified (clean) audit opinion
AuditorWATSON FINANCIAL, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$28.0M · 950 accts · $1.3M emplr
2023$24.7M · 907 accts · $1.2M emplr
2022$20.3M · 765 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,941
Total administrative$35,941
The Quality Pork Processors, Incorporated 401(k) match · 2024
Employer contribution per active participant$937
Median for plans this size$2,416
2024$937 per active participant
2023$828 per active participant
2022$761 per active participant

Quality Pork Processors, Incorporated's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20245
CAMBRIDGE INVESTMENT RESEARCH INC. · Investment advisory (plan)$42,304
ARMANINO, LLP · Contract administrator$42,013
EMPOWER ADVISORY GROUP, LLC · Investment management$22,754
LEAFHOUSE FINANCIAL ADVISORS, LLC · Investment advisory (plan)$2,336

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$35,941 · 0.14%
2023$80,371 · 0.36%
2022$74,124 · 0.34%
Same employer
Similar plansAgriculture, Forestry & Fishing · Texas
Gs Operating, LLC TX$36.4M · 0.04%
Select Milk Producers, Inc. TX$36.3M · 0.55%
Lmbi, L.P. TX$21.1M · 0.14%
Vital Farms Inc. TX$20.1M · 0.10%
West Gaines Seed, Inc. TX$14.8M · 0.10%
Friona Industries, L.P. TX$14.4M · 0.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 752199109 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.