Plan Ledger DOL Form 5500 · updated monthly

Sabrosura Foods, LLC401(k)

SABROSURA FOODS, LLC RETIREMENT SAVINGS PLAN · MINNEAPOLIS, MN · plan year 2023

Reported admin expense ratio · 2023
0.69%

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

Sabrosura Foods, LLC reported $70,075 in plan administrative expenses for 2023: 0.69% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,037 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 1 year on file its reported administrative ratio rose from 0.57% to 0.69%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Minnesota (1,250th of 1,918), and 8,390th of 13,661 in manufacturing. In 2023, employees put in $2.99 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,939,643
Participants with balances452
Active participants440
Employer contributions$456,128
Employee contributions$1,363,596
Employer contribution per active participant$1,037
Average account balance$24,203
Benefits paid to participants$1,589,161
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$10.9M · 452 accts · $456K emplr
2022$9.2M · 374 accts · $504K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$70,075
Total administrative$70,075
The Sabrosura Foods, LLC 401(k) match · 2023
Employer contribution per active participant$1,037
Median for plans this size$2,440
2023$1,037 per active participant
2022$1,277 per active participant

Sabrosura Foods, LLC's 2023 employer contribution ran below the $2,440 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 · 20231
LINCOLN NATIONAL CORPORATION · Contract administrator$70,075

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

Administrative cost history2
2023$70,075 · 0.69%
2022$61,882 · 0.57%
Similar plansManufacturing · Minnesota
Goebel Fixture Company MN$10.9M · 0.45%
QA1 Precision Products Inc MN$10.9M · 0.35%
Brown & Bigelow Inc. MN$10.9M · 0.34%
Waterfront Brands MN$10.8M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208144956 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.