Plan Ledger DOL Form 5500 · updated monthly

Vanee Foods Company401(k)

VANEE FOODS 401(K) PLAN · OAKBROOK, IL · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Vanee Foods Company reported $80,420 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $1,315 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 0.39% to 0.35%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,514th-largest of 3,702 plans among Illinois employers on file, and the 5,233rd of 13,661 in manufacturing. In 2024, employees put in $2.23 for every $1.00 the employer contributed; active participation has grown from 239 to 271 since 2022.

Plan summary
Net assets, end of year$24,189,832
Participants with balances301
Active participants271
Employer contributions$356,493
Employee contributions$795,699
Employer contribution per active participant$1,315
Average account balance$80,365
Benefits paid to participants$923,462
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$24.2M · 301 accts · $356K emplr
2023$21.5M · 288 accts · $329K emplr
2022$19.3M · 276 accts · $323K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$47,343
Investment management$33,077
Total administrative$80,420
The Vanee Foods Company 401(k) match · 2024
Employer contribution per active participant$1,315
Median for plans this size$2,416
2024$1,315 per active participant
2023$1,304 per active participant
2022$1,353 per active participant

Vanee Foods Company's 2024 employer contribution ran below the $2,416 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$47,343
FOREST CAPITAL MANAGEMENT LLC · Investment advisory (plan)$33,071

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$80,420 · 0.35%
2023$81,259 · 0.40%
2022$80,926 · 0.39%
Same employer
Similar plansManufacturing · Illinois
Thermos L.L.C. IL$24.4M · 0.08%
Goellner, Inc. IL$24.4M · 0.41%
Grecian Delight Foods, Inc. IL$24.4M · 0.44%
Johns Byrne Company IL$24.2M · 0.01%
Turtle Wax, Inc. IL$23.9M · 0.22%
Profile Products LLC IL$23.7M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362600918 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.