Plan Ledger DOL Form 5500 · updated monthly

Seaboard Triumph Foods, LLC401(k)

RETIREMENT SAVINGS PLAN FOR SEABOARD TRIUMPH FOODS - MANAGEMENT · SIOUX CITY, IA · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Seaboard Triumph Foods, LLC reported $37,153 in plan administrative expenses for 2024: 0.40% of average plan assets, below the peer median. Employer contributions averaged $1,390 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 0.35% to 0.40%. 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 Iowa (577th of 878), and 8,785th of 13,661 in manufacturing. In 2024, employees put in $1.73 for every $1.00 the employer contributed; active participation has grown from 507 to 573 since 2022.

Plan summary
Net assets, end of year$9,971,699
Participants with balances340
Active participants573
Employer contributions$796,290
Employee contributions$1,379,627
Employer contribution per active participant$1,390
Average account balance$29,329
Benefits paid to participants$2,397,440
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.0M · 340 accts · $796K emplr
2023$8.8M · 353 accts · $715K emplr
2022$7.5M · 401 accts · $750K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,261
Investment management$2,233
Audit (IQPA)$18,634
Total administrative$37,153
The Seaboard Triumph Foods, LLC 401(k) match · 2024
Employer contribution per active participant$1,390
Median for plans this size$1,313
2024$1,390 per active participant
2023$1,314 per active participant
2022$1,480 per active participant

Seaboard Triumph Foods, LLC's 2024 employer contribution ran above the $1,313 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
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$16,261
FORVIS · Accounting / audit$18,634
CBIZ INVESTMENT ADVISORY SERVICS,LL$2,233

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

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

Administrative cost history3
2024$37,153 · 0.40%
2023$27,147 · 0.33%
2022$25,880 · 0.35%
All plans at this employer2
RETIREMENT SAVINGS PLAN FOR SEABOARD TRIUMPH FOODS401(k)
RETIREMENT SAVINGS PLAN FOR SEABOARD TRIUMPH FOODS - MANAGEMENT401(k)
Same employer
Similar plansManufacturing · Iowa
Gmt LLC IA$12.6M · 0.32%
All-State Industries, Inc. IA$12.4M · 0.49%
Katecho, LLC IA$10.9M · 0.92%
Bull Moose Heavy Haul, Inc. IA$10.0M · 0.91%
Iowa Spring Manufacturing IA$10.0M · 0.29%
The Chantland-Pvs Company IA$10.0M · 0.34%
Advanced Heat Treat Corp. IA$9.8M · 0.48%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 474100663 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.