Delaware › Health care and social assistance › 100 to 249 participants
Form 5500 statement · plan year 1 Jan 2025 to 31 Dec 2025
Food Bank of Delaware 401(k) Plan
Sponsored by Food Bank of Delaware, Inc., Newark, DE
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Food Bank of Delaware 401(k) Plan is a 401(k) plan sponsored by Food Bank of Delaware, Inc. of Newark, Delaware. For the plan year ending 31 Dec 2025 it reported 130 participants, 109 of them active, and net assets of $2.2M.
Net assets came to $16,713 per participant, well below the $60,207 median for defined contribution plans with 100 to 249 participants and well below the $30,736 median for defined contribution plans in health care and social assistance. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $214K during the year, or $1,959 per active participant against a same-size median of $2,447; participants contributed $354K and $217K arrived as rollovers and other contributions. Benefits paid out totalled $181K.
Schedule C lists 2 service provider organisations paid $5,000 or more, with reported compensation of $26K: $203 per participant, close to the same-size median of $194. Administrative expenses charged to the plan were $26K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $16,713 | $60,207 | $30,736 | $53,089 |
| Employer contributions per active participant | $1,959 | $2,447 | $1,535 | $2,174 |
| Schedule C compensation per participant | $203 | $194 | $93.82 | $123 |
| Schedule C compensation, share of net assets | 1.2% | 0.32% | 0.31% | 0.26% |
| Administrative expenses per participant | $203 | $176 | $86.29 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 100 to 249 participants (22,054 plans), health care and social assistance (9,421) and all US plans (63,607). Fee medians cover plans that report an amount.
Statement for the year
- Net assets, beginning of year$1,302,396
- Employer contributions$213,516
- Participant contributions$354,314
- Rollovers and other contributions$217,470
- Total contributions$785,300
- Total income, including investment results$1,077,547
- Benefits paid$180,798
- Administrative expenses$26,422
- Total expenses$207,220
- Net income$870,327
- Net transfers$0
- Net assets, end of year$2,172,723
Participants
- Active participants109
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits21
- Participants with account balances119
- Total participants, end of year130
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Transamerica Fin. Life Insurance Co. | Recordkeeping and information management; Participant loan processing | $14,568 | $0 |
| Admin. Group, LLC DBA Tag Resources | Recordkeeping and information management; Participant loan processing | $11,854 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Recordkeeping fees$14,568
- Contract administrator fees$11,854
- Total administrative expenses$26,422
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Pooled separate accounts$2.1M · 97.1%
- Participant loans$59K · 2.7%
- Insurance company general account$2,801 · 0.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmWhisman Giordano and Associates
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan2JCode section 401(k) feature2FERISA section 404(c) plan2GTotal participant-directed account plan3DPre-approved pension plan2KCode section 401(m) arrangement2S401(k) plan or 403(b) plan that provides for automatic enrollment2TTotal or partial participant-directed account plan with a default investment account
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 624200: Community Food & Housing, & Emergency & Other Relief Services.
Similar plans in Delaware
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Nephrology Associates, P.A. 401(k) Profit Sharing Plan | Nephrology Associates, P.A. | 152 | $57.9M | $381,069 |
| Autism Delaware Inc. 401(k) Plan | Autism Delaware Inc. | 128 | $1.6M | $12,665 |
| Stonegates 401(k) Plan | Greenville Retirement Community, | 161 | $10.2M | $63,057 |
| United Medical, LLC 401(k) Profit Sharing Plan | United Medical, LLC | 184 | — | — |
| Overjet 401(k) Plan | Overjet | 185 | $5.7M | $30,707 |
| Mary Campbell Center 401(k) Retirement Plan | Mary Campbell Center | 192 | $9.4M | $48,814 |
Defined contribution plans in health care and social assistance closest in size.
Questions and answers
How big is Food Bank of Delaware 401(k) Plan?
130 participants at the end of the plan year ending 31 Dec 2025, of whom 109 were active employees, with net assets of $2,172,723. Among defined contribution plans that places it in the 100 to 249 participants band, which held 22,054 plans in plan year 2024.
What does Food Bank of Delaware, Inc. contribute per participant?
The filing reports $213,516 in employer contributions for the year, which is $1,959 per active participant; the median for plans of the same type and size was $2,447 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $26,422 in compensation to service provider organisations, $203 per participant or 1.2% of net assets. The same-size median among plans reporting any Schedule C compensation was $194 per participant. Administrative expenses on Schedule H were $26,422. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Food Bank of Delaware, Inc.. Recordkeeping or administration: Transamerica Fin. Life Insurance Co. and Admin. Group, LLC DBA Tag Resources. The financial statements were audited by Whisman Giordano and Associates. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2025 to 31 Dec 2025, received by the Department of Labor on 15 Sep 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Sep 2026. This page shows the latest filing on record for EIN 51-0258984, plan 001, received 15 Sep 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.