Plan Ledger DOL Form 5500 · updated monthly

Terrapin Beer Company, LLC401(k)

TERRAPIN BEER COMPANY, LLC 401(K) PLAN · ATHENS, GA · plan year 2024

Reported admin expense ratio · 2024
0.81%

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

Terrapin Beer Company, LLC reported $29,161 in plan administrative expenses for 2024: 0.81% of average plan assets, above the peer median. Employer contributions averaged $1,182 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 0.08% to 0.81%. 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 Georgia (1,749th of 2,160), and 11,886th of 13,661 in manufacturing. In 2024, employees put in $2.25 for every $1.00 the employer contributed; active participation has shrunk from 104 to 86 since 2022.

Plan summary
Net assets, end of year$3,741,503
Participants with balances140
Active participants86
Employer contributions$101,622
Employee contributions$228,905
Employer contribution per active participant$1,182
Average account balance$26,725
Benefits paid to participants$509,610
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.7M · 140 accts · $102K emplr
2023$3.5M · 140 accts · $120K emplr
2022$3.0M · 169 accts · $172K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,795
Investment management$7,183
Total administrative$29,161
The Terrapin Beer Company, LLC 401(k) match · 2024
Employer contribution per active participant$1,182
Median for plans this size$1,313
2024$1,182 per active participant
2023$1,390 per active participant
2022$1,655 per active participant

Terrapin Beer Company, LLC's 2024 employer contribution ran below the $1,313 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
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$14,366
PRINCIPAL LIFE INS CO · Contract administrator · Loan processing$12,399

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$29,161 · 0.81%
2023$27,207 · 0.84%
2022$2,707 · 0.08%
Similar plansManufacturing · Georgia
Specialty Appliance LLC GA$4.3M · 0.00%
Hermeus Corporation GA$4.2M · 0.91%
M.A. Industries, Inc. GA$4.2M · 0.30%
Frey-Moss Structures Inc. GA$4.1M · 0.55%
Thrush Aircraft, LLC GA$3.4M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 582404027 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.