Plan Ledger DOL Form 5500 · updated monthly

Badger Mutual Insurance Company401(k)

BADGER MUTUAL INSURANCE COMPANY 401(K) PLAN · MILWAUKEE, WI · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

Badger Mutual Insurance Company reported $101,887 in plan administrative expenses for 2024: 0.49% of average plan assets, higher than ~75% of peers. Employer contributions averaged $5,616 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 fell from 0.53% to 0.49%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 831st-largest of 1,936 plans among Wisconsin employers on file, and 2,960th of 4,798 in finance & insurance. In 2024, employees put in $1.73 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,148,803
Participants with balances101
Active participants87
Employer contributions$488,602
Employee contributions$846,881
Employer contribution per active participant$5,616
Average account balance$209,394
Benefits paid to participants$3,441,480
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.1M · 101 accts · $489K emplr
2023$20.3M · 112 accts
2022$17.2M · 114 accts · $184K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,597
Investment management$51,150
Trustee / custodial$5,950
Total administrative$101,887
The Badger Mutual Insurance Company 401(k) match · 2024
Employer contribution per active participant$5,616
Median for plans this size$2,416
2024$5,616 per active participant
2022$1,939 per active participant

Badger Mutual Insurance Company's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
SENTINEL BENEFITS GROUP, INC. · Recordkeeping · Consulting$44,597
CHARLES SCHWAB TRUST BANK · Recordkeeping · Custodial (securities)$6,140
SENTINEL PENSION ADVISORS · Consulting · Investment advisory (participants)$51,150

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

Recordkeeper by year2
2024Charles Schwab, Sentinel Group
2023Charles Schwab, Sentinel Group

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Administrative cost history3
2024$101,887 · 0.49%
2023$89,494 · 0.48%
2022$102,487 · 0.53%
Similar plansFinance & Insurance · Wisconsin
Port Washington State Bank WI$22.9M · 0.46%
Natcom Bancshares, Inc. WI$22.7M · 0.57%
Verve, a Credit Union WI$22.4M · 0.26%
Citizens Bank WI$22.2M · 0.22%
Vizance, Inc. WI$20.6M · 0.50%
T.I.C., Inc. WI$20.4M · 0.33%
Betterlife WI$19.0M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 390143380 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.