Plan Ledger DOL Form 5500 · updated monthly

B & J Specialty, Inc.401(k)

B & J GROUP RETIREMENT PLAN · WAWAKA, IN · plan year 2024

Reported admin expense ratio · 2024
0.63%

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

B & J Specialty, Inc. reported $31,299 in plan administrative expenses for 2024: 0.63% of average plan assets, above the peer median. Employer contributions averaged $326 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 0.56% to 0.63%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Indiana (1,149th of 1,562), and 11,019th of 13,661 in manufacturing. In 2024, employees put in $5.48 for every $1.00 the employer contributed; active participation has grown from 179 to 236 since 2022.

Plan summary
Net assets, end of year$5,357,881
Participants with balances123
Active participants236
Employer contributions$76,976
Employee contributions$422,027
Employer contribution per active participant$326
Average account balance$43,560
Benefits paid to participants$316,293
Plan auditUnmodified (clean) audit opinion
AuditorDULIN, WARD & DEWALD, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$5.4M · 123 accts · $77K emplr
2023$4.6M · 111 accts · $105K emplr
2022$3.5M · 108 accts · $64K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,176
Investment management$5,123
Total administrative$31,299
The B & J Specialty, Inc. 401(k) match · 2024
Employer contribution per active participant$326
Median for plans this size$1,313
2024$326 per active participant
2023$469 per active participant
2022$360 per active participant

B & J Specialty, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20245
CHRISTEN SOUERS LLC · Contract administrator$4,070
EMPOWER ADVISORY GROUP LLC · Investment management$2,876
FLEXPATH STRATEGIES LLC · Investment advisory (plan)$2,247
EQUITABLE ADVISORS LLCindirect 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$31,299 · 0.63%
2023$22,691 · 0.56%
2022$20,889 · 0.56%
Same employer
Similar plansManufacturing · Indiana
A.K. Industries, Inc. IN$5.5M · 0.21%
Ditto Sales, Inc. IN$5.4M · 0.64%
Gdc, Inc. IN$5.4M · 0.50%
Fronius USA, LLC IN$5.4M · 0.90%
Dalton Corporation IN$5.3M · 0.11%
Standard Locknut, LLC IN$5.2M · 0.62%
Tmf Center Inc IN$5.2M · 0.67%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351794553 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.