Plan Ledger DOL Form 5500 · updated monthly

Rite Stuff Foods Inc401(k)

RITE STUFF FOODS 401(K) PLAN · JEROME, ID · plan year 2023

Reported admin expense ratio · 2023
1.29%

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

Rite Stuff Foods Inc reported $19,648 in plan administrative expenses for 2023: 1.29% of average plan assets, higher than ~90% of peers. Employer contributions averaged $597 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 1.54% to 2.14%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Idaho (299th of 349), and 12,951st of 13,661 in manufacturing. In 2023, employees put in $1.50 for every $1.00 the employer contributed; active participation has shrunk from 327 to 218 since 2022.

Plan summary
Net assets, end of year$1,724,124
Participants with balances181
Active participants218
Employer contributions$130,049
Employee contributions$195,029
Employer contribution per active participant$597
Average account balance$9,526
Benefits paid to participants$173,374
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.6M · 156 accts · $115K emplr
2023$1.7M · 181 accts · $130K emplr
2022$1.3M · 132 accts · $93K emplr
Administrative expenses, itemized · 2023
Investment management$19,648
Total administrative$19,648
The Rite Stuff Foods Inc 401(k) match · 2023
Employer contribution per active participant$597
Median for plans this size$1,308
2024$647 per active participant
2023$597 per active participant
2022$284 per active participant

Rite Stuff Foods Inc's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
AMERITAS LIFE INS. CORP. · Recordkeeping · Loan processing$18,917
AMERITAS INVESTMENT COMPANY, LLC · Investment advisory (plan)$732

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

Recordkeeper by year2
2024ADP
2023Ameritas

This plan has changed recordkeepers within these filings. If you left Rite Stuff Foods Inc before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$35,880 · 2.14%
2023$19,648 · 1.29%
2022$21,208 · 1.54%
Similar plansManufacturing · Idaho
Inteframe Components, LLC ID$2.7M · 0.04%
Zoroco Packaging, Inc. ID$1.9M · 1.27%
Guerdon, LLC ID$1.5M · 2.18%
Tedder Industries, LLC ID$1.3M · 0.93%

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Source: U.S. Department of Labor, Form 5500 series, EIN 954729611 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.