Plan Ledger DOL Form 5500 · updated monthly

Saputo Cheese USA Inc.401(k)

SAPUTO USA 401(K) PLAN · MILWAUKEE, WI · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Saputo Cheese USA Inc. reported $467,165 in plan administrative expenses for 2024: 0.08% of average plan assets, above the peer median. Employer contributions averaged $3,038 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 0.083% to 0.075%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 56th-largest of 1,936 plans among Wisconsin employers on file, and the 468th of 13,661 in manufacturing. In 2024, employees put in $1.63 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$649,856,926
Participants with balances8,440
Active participants7,523
Employer contributions$22,857,377
Employee contributions$37,191,378
Employer contribution per active participant$3,038
Average account balance$76,997
Benefits paid to participants$76,519,899
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$649.9M · 8,440 accts · $22.9M emplr
2023$590.0M · 8,424 accts · $21.4M emplr
2022$492.9M · 7,987 accts · $19.3M emplr
Administrative expenses, itemized · 2024
Investment management$70,000
Audit (IQPA)$34,000
Total administrative$467,165
The Saputo Cheese USA Inc. 401(k) match · 2024
Employer contribution per active participant$3,038
Median for plans this size$4,294
2024$3,038 per active participant
2023$2,786 per active participant
2022$2,668 per active participant

Saputo Cheese USA Inc.'s 2024 employer contribution ran below the $4,294 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 · 20243
T ROWE PRICE RPS INC · Recordkeeping · Trustee$363,524
CAPFINANCIAL PARTNERS LLC · Investment advisory (plan)$70,000
JOHNSON LAMBERT LLP · Accounting / audit$34,000

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

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$467,165 · 0.08%
2023$475,366 · 0.09%
2022$452,779 · 0.08%
Same employer
Similar plansManufacturing · Wisconsin
Kohler Co. & Subsidiaries WI$854.0M · 0.13%
Menasha Corporation WI$692.6M · 0.06%
Regal Rexnord Corporation WI$656.4M · 0.07%
Kerry Inc. WI$604.2M · 0.16%
Waupaca Foundry, Inc. WI$598.5M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391629977 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.