Plan Ledger DOL Form 5500 · updated monthly

Redbarn Pet Products, LLC401(k)

REDBARN PET PRODUCTS 401(K) PROFIT SHARING PLAN · LONG BEACH, CA · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Redbarn Pet Products, LLC reported $4,321 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,232 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 0.04% to 0.06%. 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 California (6,177th of 9,483), and 3,160th of 5,215 in retail trade. In 2024, employees put in $2.00 for every $1.00 the employer contributed; active participation has grown from 189 to 223 since 2022.

Plan summary
Net assets, end of year$7,523,145
Participants with balances97
Active participants223
Employer contributions$274,834
Employee contributions$549,351
Employer contribution per active participant$1,232
Average account balance$77,558
Benefits paid to participants$1,068,880
Plan auditUnmodified (clean) audit opinion
AuditorLUCAS, HORSFALL, MURPHY & PINDROH,
Plan history3
Yearassets · accounts · employer contribution
2024$7.5M · 97 accts · $275K emplr
2023$6.8M · 115 accts · $277K emplr
2022$5.4M · 103 accts · $313K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,321
Total administrative$4,321
The Redbarn Pet Products, LLC 401(k) match · 2024
Employer contribution per active participant$1,232
Median for plans this size$1,313
2024$1,232 per active participant
2023$1,308 per active participant
2022$1,656 per active participant

Redbarn Pet Products, LLC'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
HICKS PENSION SERVICES · Recordkeeping · Loan processing$2,481
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$1,840

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024HICKS PENSION SERVICES, Transamerica
2023HICKS PENSION SERVICES, Transamerica

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Administrative cost history3
2024$4,321 · 0.06%
2023$1,398 · 0.02%
2022$2,747 · 0.04%
Same employer
Similar plansRetail Trade · California
A.K.A. Brands, Inc. CA$7.7M · 0.56%
Goforth & Marti CA$7.7M · 0.03%
Irwin International, Inc. CA$7.5M · 0.46%
Nzxt, Inc. CA$7.5M · 0.08%
Sfo Forecast, Inc. CA$7.4M · 0.73%
Ecology Auto Parts, Inc. CA$7.4M · 2.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 800554839 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.