What are the fees in the Sovereign Brands LLC 401(k) plan?

For plan year 2024, Sovereign Brands LLC reported $2,449 in plan administrative expenses, or 0.04% of average plan assets — lower than ~75% of peers. Fund-level expense ratios are not included in public filings.

What is the average account balance in the Sovereign Brands LLC 401(k)?

The average participant account balance was $51,573 for plan year 2024, based on 140 accounts.

Sovereign Brands LLC401(k)

Name: Sovereign Brands LLC 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

SOVEREIGN BRANDS LLC 401K PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024

0.04%

Sovereign Brands LLC reported $2,449 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in New York (4,049th of 5,648), and 3,325th of 4,246 in wholesale trade.

Plan summary
Net assets, end of year$7,220,263
Participants with balances140
Active participants133
Employer contributions—
Employee contributions$916,051
Employer contribution per active participant—
Average account balance$51,573
Benefits paid to participants$320,279
Plan auditUnmodified (clean) audit opinion
AuditorCLIFTONLARSONALLEN LLP

Administrative expenses, itemized · 2024

Recordkeeping & contract admin$2,449

Total administrative$2,449

What these fees cost you

Your balance

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 · 20242

MORGAN STANLEY SMITH BARNEY · Recordkeeping · Trustee$18,091

ADP, INC. · Loan processing · Recordkeeping$2,449

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

Administrative cost history1

2024$2,449 · 0.04%

Same employer

Sovereign Brands LLC's health & benefits plan: carriers, premiums & broker pay

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Why are you looking at this plan?

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Fee benchmarks by plan size

Source: U.S. Department of Labor, Form 5500 series, EIN 364411741 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.