Plan Ledger DOL Form 5500 · updated monthly

Saladinos, Inc.401(k)

SALADINO'S, INC. 401(K) PROFIT SHARING PLAN AND TRUST · FRESNO, CA · plan year 2022

Reported admin expense ratio · 2022
0.21%

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

Saladinos, Inc. reported $40,316 in plan administrative expenses for 2022: 0.21% of average plan assets, below the peer median. Employer contributions averaged $1,356 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 0.21% to 0.53%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other manufacturing employers. By assets it is the 3,850th-largest of 9,483 plans among California employers on file, and the 6,261st of 13,661 in manufacturing. In 2022, employees put in $1.93 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$18,347,567
Participants with balances277
Active participants428
Employer contributions$580,573
Employee contributions$1,121,482
Employer contribution per active participant$1,356
Average account balance$66,237
Benefits paid to participants$1,220,318
Plan auditUnmodified (clean) audit opinion
AuditorBOWMAN & COMPANY LLP
Plan history2
Yearassets · accounts · employer contribution
2023$7.4M · 87 accts · $641K emplr
2022$18.3M · 277 accts · $581K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$40,316
Total administrative$40,316
The Saladinos, Inc. 401(k) match · 2022
Employer contribution per active participant$1,356
Median for plans this size$2,266
2023$320,511 per active participant
2022$1,356 per active participant

Saladinos, Inc.'s 2022 employer contribution ran below the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$67,992 · 0.53%
2022$40,316 · 0.21%
Same employer
Similar plansManufacturing · California
Gcm Medical and Oem, Inc. CA$18.5M · 0.46%
Swarco McCain, Inc. CA$18.2M · 0.44%
Lawrence Equipment, Inc. CA$18.1M · 0.19%
Proterra Powered LLC CA$18.1M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 942666781 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.