Plan Ledger DOL Form 5500 · updated monthly

World Finer Foods LLC401(k)

WORLD FINER FOODS, LLC PROFIT SHARING AND 401K · BLOOMFIELD, NJ · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

World Finer Foods LLC reported $13,645 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,089 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 0.07% to 0.06%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 952nd-largest of 2,419 plans among New Jersey employers on file, and the 1,243rd of 5,215 in retail trade. In 2024, employees put in $2.15 for every $1.00 the employer contributed; active participation has grown from 84 to 95 since 2022.

Plan summary
Net assets, end of year$24,091,611
Participants with balances167
Active participants95
Employer contributions$483,493
Employee contributions$1,039,461
Employer contribution per active participant$5,089
Average account balance$144,261
Benefits paid to participants$1,444,287
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.1M · 167 accts · $483K emplr
2023$20.6M · 167 accts · $461K emplr
2022$16.6M · 147 accts · $452K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,295
Total administrative$13,645
The World Finer Foods LLC 401(k) match · 2024
Employer contribution per active participant$5,089
Median for plans this size$2,416
2024$5,089 per active participant
2023$5,010 per active participant
2022$5,379 per active participant

World Finer Foods LLC's 2024 employer contribution ran above the $2,416 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 · 20244
PKF O'CONNOR DAVIES, LLP$12,500
MAI CAPITAL MANAGEMENT, LLCindirect comp
LPL FINANCIAL CORPORATIONindirect 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$13,645 · 0.06%
2023$12,175 · 0.07%
2022$12,175 · 0.07%
Similar plansRetail Trade · New Jersey
Park Avenue Motor Corp. NJ$26.4M · 0.31%
Celebrity Motor Cars LLC NJ$26.2M · 0.31%
Ynap Corporation NJ$25.3M · 0.39%
H Mart Inc. NJ$22.7M · 0.78%
J.R. Group, Inc. NJ$21.8M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 310812001 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.