Plan Ledger DOL Form 5500 · updated monthly

Salt & Straw LLC401(k)

SALT & STRAW LLC 401(K) PLAN · PORTLAND, OR · plan year 2024

Reported admin expense ratio · 2024
1.56%

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

Salt & Straw LLC reported $36,562 in plan administrative expenses for 2024: 1.56% of average plan assets, higher than ~90% of peers. Employer contributions averaged $175 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 2.48% to 1.56%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Oregon (862nd of 1,021), and 12,402nd of 13,661 in manufacturing. In 2024, employees put in $4.19 for every $1.00 the employer contributed; active participation has grown from 592 to 1,263 since 2022.

Plan summary
Net assets, end of year$2,797,899
Participants with balances1,102
Active participants1,263
Employer contributions$221,113
Employee contributions$927,406
Employer contribution per active participant$175
Average account balance$2,539
Benefits paid to participants$587,778
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.8M · 1,102 accts · $221K emplr
2023$1.9M · 763 accts · $223K emplr
2022$915K · 490 accts · $157K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$36,562
Total administrative$36,562
The Salt & Straw LLC 401(k) match · 2024
Employer contribution per active participant$175
Median for plans this size$1,313
2024$175 per active participant
2023$227 per active participant
2022$266 per active participant

Salt & Straw LLC's 2024 employer contribution ran below the $1,313 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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$36,562

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$36,562 · 1.56%
2023$28,277 · 2.01%
2022$22,687 · 2.48%
Similar plansManufacturing · Oregon
Mohawk Metal Company OR$3.4M · 0.16%
D6 Inc OR$3.0M · 0.52%
Masami Foods, Inc. OR$2.7M · 0.91%
Highway Products, Inc. OR$2.3M · 1.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 047566226 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.