Plan Ledger DOL Form 5500 · updated monthly

Badger Sportswear, LLC401(k)

BADGER SPORTSWEAR, LLC 401(K) RETIREMENT SAVINGS PLAN · STATESVILLE, NC · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Badger Sportswear, LLC reported $96,574 in plan administrative expenses for 2024: 0.53% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,096 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 0.65% to 0.53%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 755th-largest of 2,005 plans among North Carolina employers on file, and the 1,494th of 5,215 in retail trade. In 2024, employees put in $1.92 for every $1.00 the employer contributed; active participation has shrunk from 305 to 235 since 2022.

Plan summary
Net assets, end of year$19,387,404
Participants with balances305
Active participants235
Employer contributions$492,493
Employee contributions$946,529
Employer contribution per active participant$2,096
Average account balance$63,565
Benefits paid to participants$1,516,770
Plan auditUnmodified (clean) audit opinion
AuditorSEROTTA MADDOCKS EVANS AND CO. CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$19.4M · 305 accts · $492K emplr
2023$17.1M · 364 accts · $581K emplr
2022$14.6M · 334 accts · $554K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$64,667
Investment management$31,907
Total administrative$96,574
The Badger Sportswear, LLC 401(k) match · 2024
Employer contribution per active participant$2,096
Median for plans this size$2,416
2024$2,096 per active participant
2023$2,112 per active participant
2022$1,815 per active participant

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

Service providers · 20243
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping$68,275
HARDY REED, LLC · Investment advisory (participants)$23,523
MBL WEALTH LLC · Investment advisory (participants)$7,214

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$96,574 · 0.53%
2023$89,517 · 0.56%
2022$103,871 · 0.65%
Same employer
Similar plansRetail Trade · North Carolina
Carolina Home Medical, Inc. NC$20.3M · 0.33%
G & B Oil Company, Inc. NC$17.9M · 0.24%
The Building Center, Inc. NC$17.7M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560992548 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.