Plan Ledger DOL Form 5500 · updated monthly

Babynov USA LLC401(k)

BABYNOV USA LLC 401(K) PROFIT SHARING PLAN & TRUST · RED BOILING SPRINGS, TN · plan year 2023

Reported admin expense ratio · 2023
2.98%

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

Babynov USA LLC reported $15,177 in plan administrative expenses for 2023: 2.98% of average plan assets, higher than ~75% of peers. Employer contributions averaged $731 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.

The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Tennessee (1,443rd of 1,496), and 5,049th of 5,215 in retail trade. In 2023, employees put in $3.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$600,999
Participants with balances99
Active participants92
Employer contributions$67,275
Employee contributions$202,637
Employer contribution per active participant$731
Average account balance$6,071
Benefits paid to participants$167,679
Plan auditUnmodified (clean) audit opinion
AuditorSEAY & WEISSINGER, LLC
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$15,177
Total administrative$15,177
The Babynov USA LLC 401(k) match · 2023
Employer contribution per active participant$731
Median for plans this size$522

Babynov USA LLC's 2023 employer contribution ran above the $522 median for plans its size. 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
PAYCHEX, INC. · Recordkeeping$9,546

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history1
2023$15,177 · 2.98%
Same employer
Similar plansRetail Trade · Tennessee
Jones Motor Co., Inc. TN$1.4M · 1.48%
Capital Motor Sales, Inc. TN$1.2M · 0.13%
Castle Retail Group TN$1.2M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 843567056 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.