Plan Ledger DOL Form 5500 · updated monthly

Stratas Foods LLC401(k)

STRATAS FOODS LLC RETIREMENT PLAN · CORDOVA, TN · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Stratas Foods LLC reported $173,397 in plan administrative expenses for 2024: 0.23% of average plan assets, above the peer median. Employer contributions averaged $3,778 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 0.17% to 0.23%. 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 191st-largest of 1,496 plans among Tennessee employers on file, and the 2,189th of 13,661 in manufacturing. In 2024, employees put in $1.02 for every $1.00 the employer contributed; active participation has grown from 788 to 1,003 since 2022.

Plan summary
Net assets, end of year$82,789,413
Participants with balances1,021
Active participants1,003
Employer contributions$3,789,424
Employee contributions$3,855,735
Employer contribution per active participant$3,778
Average account balance$81,087
Benefits paid to participants$6,319,757
Plan auditUnmodified (clean) audit opinion
AuditorFGMK, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$82.8M · 1,021 accts · $3.8M emplr
2023$70.9M · 981 accts · $3.3M emplr
2022$58.1M · 1,078 accts · $3.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$112,416
Investment management$52,867
Audit (IQPA)$8,114
Total administrative$173,397
The Stratas Foods LLC 401(k) match · 2024
Employer contribution per active participant$3,778
Median for plans this size$3,635
2024$3,778 per active participant
2023$4,165 per active participant
2022$3,960 per active participant

Stratas Foods LLC's 2024 employer contribution ran above the $3,635 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 · 20245
VOYA INSTITUTIONAL PLAN SERVICES, L · Loan processing$54,129
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$30,231
CREATIVE PLANNING · Investment advisory (participants)$14,450
TIDAL · Investment advisory (participants)$8,186
FMGK LLC · Accounting / audit$8,114

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$173,397 · 0.23%
2023$154,252 · 0.24%
2022$108,822 · 0.17%
Same employer
Similar plansManufacturing · Tennessee
Resource Label Group LLC TN$98.7M · 0.34%
Granges Americas Inc. TN$97.9M · 0.31%
Workwear Outfitters, LLC TN$90.3M · 0.19%
Permobil, Inc TN$82.9M · 0.25%
Franke USA Holding Inc. TN$82.1M · 0.13%
Entrans International, LLC TN$79.8M · 0.30%
Malibu Boats, LLC TN$74.2M · 0.50%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 900426828 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.