Plan Ledger DOL Form 5500 · updated monthly

Twin City Foods, Inc.401(k)

TWIN CITY FOODS, INC. 401(K) PLAN · STANWOOD, WA · plan year 2022

Reported admin expense ratio · 2022
0.13%

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

Twin City Foods, Inc. reported $86,149 in plan administrative expenses for 2022: 0.13% of average plan assets, above the peer median. Employer contributions averaged $1,691 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 0.13% to 0.28%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,341 comparable plans and shown alongside other manufacturing employers. By assets it is the 271st-largest of 1,714 plans among Washington employers on file, and the 2,664th of 13,661 in manufacturing. In 2022, employees put in $1.31 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$63,372,512
Participants with balances603
Active participants630
Employer contributions$1,065,318
Employee contributions$1,398,428
Employer contribution per active participant$1,691
Average account balance$105,095
Benefits paid to participants$8,315,627
Plan auditUnmodified (clean) audit opinion
AuditorWILLIAMS & NULLE, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$61.5M · 564 accts · $1.2M emplr
2023$59.0M · 575 accts · $1.0M emplr
2022$63.4M · 603 accts · $1.1M emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$16,155
Investment management$30,000
Professional / advisory$39,994
Total administrative$86,149
The Twin City Foods, Inc. 401(k) match · 2022
Employer contribution per active participant$1,691
Median for plans this size$3,449
2024$2,100 per active participant
2023$1,608 per active participant
2022$1,691 per active participant

Twin City Foods, Inc.'s 2022 employer contribution ran below the $3,449 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Recordkeeper by year2
2024NWPS
2023NWPS

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Administrative cost history3
2024$166,456 · 0.28%
2023$93,820 · 0.15%
2022$86,149 · 0.13%
Same employer
Similar plansManufacturing · Washington
Nlight, Inc. WA$69.4M · 0.25%
Oberto Snacks Inc. WA$66.6M · 0.25%
Norpac Resources, LLC WA$60.7M · 0.19%
Zetron, Inc. WA$60.0M · 0.05%
Jamco America Inc. WA$58.7M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911291675 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.