Plan Ledger DOL Form 5500 · updated monthly

Standard Meat Company, LLC401(k)

STANDARD MEAT COMPANY 401(K) PLAN & TRUST · DALLAS, TX · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Standard Meat Company, LLC reported $107,520 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $1,632 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 0.50% to 0.41%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,582nd-largest of 5,688 plans among Texas employers on file, and the 4,626th of 13,661 in manufacturing. In 2024, employees put in $1.58 for every $1.00 the employer contributed; active participation has grown from 695 to 904 since 2022.

Plan summary
Net assets, end of year$28,772,938
Participants with balances615
Active participants904
Employer contributions$1,474,971
Employee contributions$2,329,611
Employer contribution per active participant$1,632
Average account balance$46,785
Benefits paid to participants$1,938,058
Plan auditUnmodified (clean) audit opinion
AuditorCONDLEY AND COMPANY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$28.8M · 615 accts · $1.5M emplr
2023$23.8M · 596 accts · $1.3M emplr
2022$17.7M · 492 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$107,520
Total administrative$107,520
The Standard Meat Company, LLC 401(k) match · 2024
Employer contribution per active participant$1,632
Median for plans this size$2,416
2024$1,632 per active participant
2023$1,493 per active participant
2022$1,489 per active participant

Standard Meat Company, LLC's 2024 employer contribution ran below the $2,416 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 · 20242
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$107,519
CHARLES SCHWAB TRUST COMPANY · Custodial (securities)indirect comp

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

Recordkeeper by year2
2024The Standard
2023The Standard

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

Administrative cost history3
2024$107,520 · 0.41%
2023$95,097 · 0.46%
2022$90,981 · 0.50%
Same employer
Similar plansManufacturing · Texas
Blackbeard Operating, LLC TX$29.4M · 0.39%
Nefab Packaging, Inc. TX$29.0M · 0.66%
Cimarron Energy, Inc. TX$28.4M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 752590503 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.