Plan Ledger DOL Form 5500 · updated monthly

37 Building Products, LTD.401(k)

37 BP 401(K) SAVINGS PLAN · WEATHERFORD, TX · plan year 2022

Reported admin expense ratio · 2022
0.40%

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

37 Building Products, LTD. reported $5,640 in plan administrative expenses for 2022: 0.40% of average plan assets, below the peer median. Employer contributions averaged $4,549 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 1 year on file its reported administrative ratio rose from 0.40% to 2.67%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Texas (5,251st of 5,688), and 13,239th of 13,661 in manufacturing. In 2022, employees put in $3.93 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,092,514
Participants with balances246
Active participants11
Employer contributions$50,043
Employee contributions$196,667
Employer contribution per active participant$4,549
Average account balance$4,441
Benefits paid to participants$609,015
Plan auditUnmodified (clean) audit opinion
AuditorLANCE, SOLL & LUNGHARD, LLP
Plan history2
Yearassets · accounts · employer contribution
2023$825K · 49 accts · $11K emplr
2022$1.1M · 246 accts · $50K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$5,640
Total administrative$5,640
The 37 Building Products, LTD. 401(k) match · 2022
Employer contribution per active participant$4,549
Median for plans this size$1,114
2023$662 per active participant
2022$4,549 per active participant

37 Building Products, LTD.'s 2022 employer contribution ran above the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$25,590 · 2.67%
2022$5,640 · 0.40%
Similar plansManufacturing · Texas
Preferred Beef Group, LP TX$1.2M · 0.86%
Jem Beverage Company Inc TX$1.2M · 0.57%
Dws, LLC TX$1.1M · 0.22%
Kayden Industries USA Inc TX$977K · 1.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200651411 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.