Plan Ledger DOL Form 5500 · updated monthly

Ssi Foods, LLC401(k)

SSI FOODS 401(K) AND RETIREMENT PLAN · NAMPA, ID · plan year 2023

Reported admin expense ratio · 2023
3.91%

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

Ssi Foods, LLC reported $16,661 in plan administrative expenses for 2023: 3.91% of average plan assets, higher than ~75% of peers. Employer contributions averaged $735 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 4.43% to 2.34%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Idaho (335th of 349), and 13,423rd of 13,661 in manufacturing. In 2023, employees put in $2.72 for every $1.00 the employer contributed; active participation has shrunk from 127 to 111 since 2022.

Plan summary
Net assets, end of year$607,670
Participants with balances167
Active participants111
Employer contributions$81,567
Employee contributions$222,168
Employer contribution per active participant$735
Average account balance$3,639
Benefits paid to participants$70,485
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$598K · 82 accts · $48K emplr
2023$608K · 167 accts · $82K emplr
2022$244K · 175 accts · $69K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$16,661
Total administrative$16,661
The Ssi Foods, LLC 401(k) match · 2023
Employer contribution per active participant$735
Median for plans this size$522
2024$336 per active participant
2023$735 per active participant
2022$543 per active participant

Ssi Foods, LLC's 2023 employer contribution ran above the $522 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$16,660
WILSHIRE ADVISORS LLC · 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$14,136 · 2.34%
2023$16,661 · 3.91%
2022$6,866 · 4.43%
Same employer
Similar plansManufacturing · Idaho
Guerdon, LLC ID$1.5M · 2.18%
Tedder Industries, LLC ID$1.3M · 0.93%
Computrol, Inc. ID$1.3M · 0.57%
Renwood Mills, LLC NC$614K · 2.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 834442999 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.