Plan Ledger DOL Form 5500 · updated monthly

Sonny's Enterprises, LLC401(k)

SONNY'S ENTERPRISES, LLC 401(K) PROFIT PLAN · TAMARAC, FL · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Sonny's Enterprises, LLC reported $216,942 in plan administrative expenses for 2024: 0.43% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,435 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 0.36% to 0.43%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 513th-largest of 3,644 plans among Florida employers on file, and the 2,961st of 13,661 in manufacturing. In 2024, employees put in $3.23 for every $1.00 the employer contributed; active participation has grown from 1,354 to 1,650 since 2022.

Plan summary
Net assets, end of year$54,397,287
Participants with balances1,345
Active participants1,650
Employer contributions$2,368,475
Employee contributions$7,651,893
Employer contribution per active participant$1,435
Average account balance$40,444
Benefits paid to participants$9,051,418
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$54.4M · 1,345 accts · $2.4M emplr
2023$46.2M · 1,168 accts · $2.0M emplr
2022$30.9M · 892 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$216,942
Total administrative$216,942
The Sonny's Enterprises, LLC 401(k) match · 2024
Employer contribution per active participant$1,435
Median for plans this size$3,635
2024$1,435 per active participant
2023$1,171 per active participant
2022$1,187 per active participant

Sonny's Enterprises, LLC's 2024 employer contribution ran below the $3,635 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$216,942
WELLS FARGO ADVISORS FIN NETWORK · Investment advisory (plan)indirect comp
THURSTON SPRINGER ADVISORS · Investment advisory (plan)indirect comp

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$216,942 · 0.43%
2023$153,023 · 0.40%
2022$107,844 · 0.36%
Same employer
Similar plansManufacturing · Florida
Trividia Health, Inc. FL$59.4M · 0.14%
Berg Europipe Holding Corp. FL$55.7M · 0.13%
Gm Nameplate, Inc. FL$48.3M · 0.31%
Corerx, Inc. FL$47.3M · 0.01%
Quirch Foods, Co. FL$46.3M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061312117 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.