Plan Ledger DOL Form 5500 · updated monthly

Traditions Spirits Inc401(k)

TRADITIONS SPIRITS INC. 401(K) PLAN · NORMAN, OK · plan year 2024

Reported admin expense ratio · 2024
0.46%

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

Traditions Spirits Inc reported $10,752 in plan administrative expenses for 2024: 0.46% of average plan assets, below the peer median. Employer contributions averaged $342 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 0.69% to 0.46%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Oklahoma (615th of 724), and 1,243rd of 2,240 in accommodation & food services. In 2024, employees put in $1.60 for every $1.00 the employer contributed; active participation has grown from 211 to 991 since 2022.

Plan summary
Net assets, end of year$2,816,844
Participants with balances189
Active participants991
Employer contributions$338,794
Employee contributions$541,337
Employer contribution per active participant$342
Average account balance$14,904
Benefits paid to participants$194,735
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$2.8M · 189 accts · $339K emplr
2023$1.9M · 180 accts · $247K emplr
2022$1.0M · 271 accts · $64K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,752
Total administrative$10,752
The Traditions Spirits Inc 401(k) match · 2024
Employer contribution per active participant$342
Median for plans this size$1,313
2024$342 per active participant
2023$428 per active participant
2022$305 per active participant

Traditions Spirits Inc'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 · 20241
ADP, INC. · Loan processing · Recordkeeping$10,752

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

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Administrative cost history3
2024$10,752 · 0.46%
2023$10,657 · 0.73%
2022$6,931 · 0.69%
Same employer
Similar plansAccommodation & Food Services · Oklahoma
Mazzio's, LLC OK$21.1M · 0.01%
Rkt, Inc. OK$2.9M · 0.61%
Magnum Foods, Inc. OK$1.5M · 0.51%
Urban Management, Inc. OK$1.1M · 1.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208458527 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.