Plan Ledger DOL Form 5500 · updated monthly

Natural American Foods dba Sweet Harvest Foods401(k)

SWEET HARVEST FOODS 401(K) PROFIT SHARING PLAN · CANNON FALLS, MN · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Natural American Foods dba Sweet Harvest Foods reported $44,668 in plan administrative expenses for 2024: 0.45% of average plan assets, below the peer median. Employer contributions averaged $2,503 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 0.06% to 0.45%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Minnesota (1,262nd of 1,918), and 8,454th of 13,661 in manufacturing. In 2024, employees put in $2.34 for every $1.00 the employer contributed; active participation has grown from 101 to 175 since 2022.

Plan summary
Net assets, end of year$10,775,300
Participants with balances130
Active participants175
Employer contributions$437,978
Employee contributions$1,026,072
Employer contribution per active participant$2,503
Average account balance$82,887
Benefits paid to participants$1,186,892
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.8M · 130 accts · $438K emplr
2023$9.2M · 132 accts · $472K emplr
2022$4.6M · 102 accts · $220K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,668
Total administrative$44,668
The Natural American Foods dba Sweet Harvest Foods 401(k) match · 2024
Employer contribution per active participant$2,503
Median for plans this size$1,313
2024$2,503 per active participant
2023$2,970 per active participant
2022$2,173 per active participant

Natural American Foods dba Sweet Harvest Foods's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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
TOWERS WATSON INVESTMENT SERVICES I · Investment advisory (plan)$25,079
EMPOWER ADVISORY GROUP, LLC · Investment management$2,404

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$44,668 · 0.45%
2023$48,510 · 0.70%
2022$3,098 · 0.06%
Same employer
Similar plansManufacturing · Minnesota
Sabrosura Foods, LLC MN$10.9M · 0.69%
QA1 Precision Products Inc MN$10.9M · 0.35%
Brown & Bigelow Inc. MN$10.9M · 0.34%
Waterfront Brands MN$10.8M · 0.37%
Lake Air Products LLC MN$10.7M · 1.57%
Riedell Shoes, Inc. MN$10.7M · 0.38%
Decimet Sales, Inc. MN$10.5M · 0.41%
Stylmark, Inc. MN$10.5M · 0.27%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 464349430 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.