Plan Ledger DOL Form 5500 · updated monthly

The Pork Company401(k)

THE PORK CO. RETIREMENT PLAN · WILMINGTON, NC · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

The Pork Company reported $13,234 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $373 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 0.31% to 0.26%. 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 North Carolina (1,388th of 2,005), and 10,824th of 13,661 in manufacturing. In 2024, employees put in $2.75 for every $1.00 the employer contributed; active participation has grown from 343 to 804 since 2022.

Plan summary
Net assets, end of year$5,755,276
Participants with balances136
Active participants804
Employer contributions$299,497
Employee contributions$822,412
Employer contribution per active participant$373
Average account balance$42,318
Benefits paid to participants$311,252
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.8M · 136 accts · $299K emplr
2023$4.5M · 116 accts · $284K emplr
2022$3.3M · 112 accts · $262K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,234
Total administrative$13,234
The The Pork Company 401(k) match · 2024
Employer contribution per active participant$373
Median for plans this size$1,313
2024$373 per active participant
2023$608 per active participant
2022$763 per active participant

The Pork Company's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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
ADP, INC. · Recordkeeping$13,233
ADP BROKER-DEALER · Other servicesindirect comp
MSSB · Other servicesindirect 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
2024ADP
2023ADP

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

Administrative cost history3
2024$13,234 · 0.26%
2023$11,555 · 0.30%
2022$9,999 · 0.31%
Same employer
Similar plansManufacturing · North Carolina
Staunton Capital, Inc. NC$6.2M · 0.46%
Safeguard US Holdco Inc. NC$5.8M · 0.65%
Xceldyne, LLC NC$5.8M · 0.29%
Kendrionshelby, Inc. NC$5.8M · 0.38%
Record North America NC$5.6M · 0.73%
Southern Fabricators Inc. NC$5.5M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521988530 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.