Texas › Wholesale trade › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
Retirement Plan for Employees of Ben E. Keith Company and Its Affiliates
Sponsored by Ben E. Keith Company, Fort Worth, TX
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.
Ben E. Keith Company of Fort Worth, Texas sponsors Retirement Plan for Employees of Ben E. Keith Company and Its Affiliates, a defined benefit pension plan. Its Form 5500 for the plan year ending 30 Jun 2025 shows 5,233 participants (2,334 active) and $442M in net assets.
Net assets came to $84,448 per participant, close to the $87,623 median for defined benefit plans with 5,000 to 24,999 participants and well above the $61,809 median for defined benefit plans in wholesale trade. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 8 service provider organisations paid $5,000 or more, with reported compensation of $1.6M: $303 per participant, well above the same-size median of $232. Administrative expenses charged to the plan were $2.1M. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $122M in 2009 to $442M in 2024 (up 261%), and participants from 4,359 to 5,233 (up 20%).
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 DB plans |
|---|---|---|---|---|
| Net assets per participant | $84,448 | $87,623 | $61,809 | $86,221 |
| Employer contributions per active participant | — | $9,468 | $8,409 | $10,244 |
| Schedule C compensation per participant | $303 | $232 | $346 | $344 |
| Schedule C compensation, share of net assets | 0.36% | 0.30% | 0.54% | 0.42% |
| Administrative expenses per participant | $409 | $396 | $540 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 5,000 to 24,999 participants (651 plans), wholesale trade (157) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 5,233 | $442M | $84,448 | — | — | $1.6M |
| 2023 | 5,381 | $435M | $80,785 | — | — | $2.0M |
| 2022 | 5,405 | $438M | $81,120 | — | — | $1.9M |
| 2021 | 5,454 | $452M | $82,854 | — | — | $2.0M |
| 2020 | 5,488 | $582M | $105,980 | — | — | $2.2M |
| 2019 | 5,587 | $561M | $100,329 | — | — | $1.9M |
| 2018 | 5,728 | $499M | $87,200 | — | — | $2.5M |
| 2017 | 6,050 | $448M | $74,091 | $30.0M | — | $1.9M |
| 2016 | 5,718 | $393M | $68,756 | $35.0M | — | $1.8M |
| 2015 | 5,464 | $326M | $59,736 | $30.0M | — | $1.4M |
| 2014 | 5,114 | $299M | $58,457 | $20.0M | — | $1.4M |
| 2013 | 4,887 | $273M | $55,801 | $21.0M | — | $1.1M |
| 2012 | 4,761 | $220M | $46,253 | $28.8M | — | $968K |
| 2011 | 4,513 | $172M | $38,136 | $15.0M | — | $926K |
| 2010 | 4,375 | $155M | $35,455 | $15.1M | — | $778K |
| 2009 | 4,359 | $122M | $28,055 | $10.0M | — | $767K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$434,702,701
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$26,227,975
- Benefits paid$16,873,824
- Administrative expenses$2,142,877
- Total expenses$19,016,701
- Net income$7,211,274
- Net transfers$0
- Net assets, end of year$441,913,975
Participants
- Active participants2,334
- Retired or separated, receiving benefits1,077
- Retired or separated, entitled to future benefits1,701
- Total participants, end of year5,233
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Aon Investments USA Inc. | Investment advisory (plan) | $444,050 | $0 |
| Aon Consulting | Actuarial; Recordkeeping and information management | $423,600 | $0 |
| Willis Towers Watson | Actuarial | $213,619 | $0 |
| Northern Trust Company | Trustee (bank, trust company, or similar financial institution); Investment management | $157,074 | $0 |
| Parametric | Investment management | $146,005 | $0 |
| J.P. Morgan Chase | Investment advisory (plan) | $143,665 | $0 |
| Whitley Penn, LLP | Accounting (including auditing) | $42,695 | $0 |
| State Street Research & MGMT Co. | Investment management | $15,145 | $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
- Actuarial fees$637,219
- Other administrative expenses$556,624
- Contract administrator fees$487,145
- IQPA audit fees$304,815
- Trustee and custodial fees$157,074
- Total administrative expenses$2,142,877
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.
- Common/collective trusts$432M · 97.8%
- Cash (interest and non-interest bearing)$9.5M · 2.2%
- Receivables$141K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmWhitley Penn, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $5,000,000
- Blackout period during the year—
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
1ABenefits are primarily pay related3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 424400: Grocery & Related Products.
Other plans of Ben E. Keith Company
| Plan | Participants | Net assets |
|---|---|---|
| Ben E. Keith Company Retirement Savings Plan | 7,669 | $494M |
Similar plans in Texas
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Toyota Motor Sales, U.S.A., Inc. Pension Plan | Toyota Motor North America, Inc. | 14,281 | $4.47B | $312,860 |
| Employees' Retirement Plan of Consolidated Electrical Distributors, Inc. | Consolidated Electrical Distributors, Inc. | 3,192 | $1.15B | $360,529 |
| Sysco Corporation Retirement Plan | Sysco Corporation | 30,257 | $2.47B | $81,794 |
| Retirement Plan for Employees of Bridgford Foods Corporation | Bridgford Foods Corporation | 698 | $57.1M | $81,831 |
| Interstate Batteries Employees Pension Plan | Interstate Batteries, Inc. | 258 | $27.1M | $105,203 |
| Toshiba International Corp. Hourly Pension Plan for Industrial Division | Toshiba International Corporation | 237 | $3.4M | $14,356 |
Defined benefit plans in wholesale trade closest in size.
Questions and answers
How big is Retirement Plan for Employees of Ben E. Keith Company and Its Affiliates?
5,233 participants at the end of the plan year ending 30 Jun 2025, of whom 2,334 were active employees, with net assets of $441,913,975. Among defined benefit plans that places it in the 5,000 to 24,999 participants band, which held 651 plans in plan year 2024.
What does Ben E. Keith Company contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $1,585,853 in compensation to service provider organisations, $303 per participant or 0.36% of net assets. The same-size median among plans reporting any Schedule C compensation was $232 per participant. Administrative expenses on Schedule H were $2,142,877. 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 Ben E. Keith Company. Recordkeeping or administration: Aon Consulting. Investment advisory or management: Aon Investments USA Inc., Northern Trust Company and Parametric. Trustee or custodian: Northern Trust Company. The financial statements were audited by Whitley Penn, LLP. 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 Jul 2024 to 30 Jun 2025, received by the Department of Labor on 25 Mar 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 Aug 2026. This page shows the latest filing on record for EIN 75-0372230, plan 001, received 25 Mar 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.