Plan Ledger DOL Form 5500 · updated monthly

Quirch Foods, Co.401(k)

QUIRCH FOODS 401(K) PLAN · MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Quirch Foods, Co. reported $196,053 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $449 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 0.50% to 0.45%. 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 566th-largest of 3,644 plans among Florida employers on file, and the 3,328th of 13,661 in manufacturing. In 2024, employees put in $6.41 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$46,345,333
Participants with balances1,099
Active participants1,666
Employer contributions$747,275
Employee contributions$4,790,154
Employer contribution per active participant$449
Average account balance$42,170
Benefits paid to participants$4,225,916
Plan auditUnmodified (clean) audit opinion
AuditorWALL TITUS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$46.3M · 1,099 accts · $747K emplr
2023$40.5M · 1,108 accts · $647K emplr
2022$36.8M · 1,203 accts · $238K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$74,174
Investment management$121,879
Total administrative$196,053
The Quirch Foods, Co. 401(k) match · 2024
Employer contribution per active participant$449
Median for plans this size$2,416
2024$449 per active participant
2023$390 per active participant
2022$153 per active participant

Quirch Foods, Co.'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 · 20243
MMA SECURITIES LLC · Investment advisory (plan)$62,340
EMPOWER ADVISORY GROUP, LLC · Investment management$59,539

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$196,053 · 0.45%
2023$178,307 · 0.46%
2022$194,697 · 0.50%
Same employer
Similar plansManufacturing · Florida
Sonny's Enterprises, LLC FL$54.4M · 0.43%
Gm Nameplate, Inc. FL$48.3M · 0.31%
Corerx, Inc. FL$47.3M · 0.01%
Bst Consultants. Inc. FL$44.3M · 0.38%
Palletone, Inc. FL$44.1M · 0.54%
Sparton Corporation FL$43.6M · 0.31%
Syn-Tech Systems, Inc. FL$42.8M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591200956 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.