Plan Ledger DOL Form 5500 · updated monthly

Tropicale Foods LLC401(k)

TROPICALE FOODS 401(K) PLAN · ONTARIO, CA · plan year 2024

Reported admin expense ratio · 2024
0.93%

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

Tropicale Foods LLC reported $66,830 in plan administrative expenses for 2024: 0.93% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,425 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.

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 California (6,091st of 9,483), and 9,794th of 13,661 in manufacturing. In 2024, employees put in $1.48 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,739,659
Participants with balances390
Active participants307
Employer contributions$744,602
Employee contributions$1,099,258
Employer contribution per active participant$2,425
Average account balance$19,845
Benefits paid to participants$1,525,057
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,921
Investment management$13,909
Total administrative$66,830
The Tropicale Foods LLC 401(k) match · 2024
Employer contribution per active participant$2,425
Median for plans this size$1,313

Tropicale Foods LLC'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 · 20242
ADP, INC. · Loan processing · Recordkeeping$52,921
TRUENORTH SECURITIES, INC · Recordkeeping · Trustee$13,909

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history1
2024$66,830 · 0.93%
Same employer
Similar plansManufacturing · California
The Garlic Company CA$7.8M · 0.57%
Premio, Inc. CA$7.8M · 0.55%
Paul Hobbs Winery, LP CA$7.8M · 0.61%
Dr. Squatch, Inc. CA$7.8M · 0.10%
Evofem, Inc. CA$7.7M · 0.09%
Pulse Biosciences, Inc CA$7.7M · 0.13%
Pax Labs, Inc CA$7.7M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 770521367 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.