Plan Ledger DOL Form 5500 · updated monthly

Wise Foods, Inc.401(k)

WISE FOODS 401(K) PLAN · ATLANTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Wise Foods, Inc. reported $179,402 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $1,075 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 0.41% to 0.44%. 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 530th-largest of 2,160 plans among Georgia employers on file, and the 3,520th of 13,661 in manufacturing. In 2024, employees put in $3.46 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$42,657,708
Participants with balances983
Active participants828
Employer contributions$889,790
Employee contributions$3,079,204
Employer contribution per active participant$1,075
Average account balance$43,395
Benefits paid to participants$5,535,180
Plan history3
Yearassets · accounts · employer contribution
2024$42.7M · 983 accts · $890K emplr
2023$39.5M · 1,027 accts · $1.1M emplr
2022$34.5M · 948 accts · $994K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$173,402
Audit (IQPA)$6,000
Total administrative$179,402
The Wise Foods, Inc. 401(k) match · 2024
Employer contribution per active participant$1,075
Median for plans this size$2,416
2024$1,075 per active participant
2023$1,249 per active participant
2022$1,220 per active participant

Wise Foods, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$173,402
SEK CPAS AND ADVISORS · Accounting / audit$6,000
PENSIONMARK FINANCIAL GROUP, LLC · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$179,402 · 0.44%
2023$188,770 · 0.51%
2022$158,009 · 0.41%
Same employer
Similar plansManufacturing · Georgia
Mountville Mills, Inc. GA$45.1M · 0.25%
Delta Apparel, Inc. GA$45.0M · 0.07%
Price Industries, Inc. GA$43.4M · 0.27%
Wencor Group, LLC GA$41.9M · 0.13%
Harrison Poultry, Inc. GA$38.7M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 510370373 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.