Plan Ledger DOL Form 5500 · updated monthly

Badger Meter, Inc.401(k) + ESOP (KSOP)

BADGER METER EMPLOYEE SAVINGS AND STOCK OWNERSHIP PLAN · MILWAUKEE, WI · plan year 2025

Reported admin expense ratio · 2025
0.05%

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

Badger Meter, Inc. reported $105,117 in plan administrative expenses for 2025: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $6,185 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 3 years on file its reported administrative ratio fell from 0.12% to 0.05%. The plan sits in the $50M–$250M size bracket, benchmarked here against 605 comparable plans and shown alongside other manufacturing employers. By assets it is the 121st-largest of 1,936 plans among Wisconsin employers on file, and the 1,042nd of 13,661 in manufacturing. In 2025, employees put in $1.50 for every $1.00 the employer contributed; active participation has grown from 817 to 1,097 since 2022.

Plan summary
Net assets, end of year$233,422,618
Participants with balances1,362
Active participants1,097
Employer contributions$6,785,122
Employee contributions$10,165,533
Employer contribution per active participant$6,185
Average account balance$171,382
Benefits paid to participants$22,165,164
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history4
Yearassets · accounts · employer contribution
2025$233.4M · 1,362 accts · $6.8M emplr
2024$217.8M · 1,182 accts · $6.2M emplr
2023$186.7M · 1,082 accts · $5.1M emplr
2022$166.2M · 1,105 accts · $4.7M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$105,117
Total administrative$105,117
The Badger Meter, Inc. 401(k) match · 2025
Employer contribution per active participant$6,185
Median for plans this size$4,093
2025$6,185 per active participant
2024$6,760 per active participant
2023$5,848 per active participant
2022$5,755 per active participant

Badger Meter, Inc.'s 2025 employer contribution ran above the $4,093 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping$104,967
CAP FINANCIAL PARTNERS LLC · Investment management$62,571

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

Recordkeeper by year3
2025Charles Schwab
2024Charles Schwab
2023Charles Schwab, OneAmerica

This plan has changed recordkeepers within these filings. If you left Badger Meter, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history4
2025$105,117 · 0.05%
2024$90,307 · 0.04%
2023$19,699 · 0.01%
2022$208,220 · 0.12%
Same employer
Similar plansManufacturing · Wisconsin
Hydrite Chemical Company WI$268.2M · 0.09%
Trek Bicycle Corporation WI$245.3M · 0.16%
Krones, Inc. WI$242.7M · 0.04%
Belgioioso Cheese, Inc. WI$236.4M · 0.16%
Briggs & Stratton, LLC WI$226.7M · 0.21%
Robinson, Inc. WI$224.1M
Grande Cheese Company WI$211.4M · 0.07%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 390143280 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.