Plan Ledger DOL Form 5500 · updated monthly

Bailiwick Services, LLC401(k)

BAILIWICK SERVICES, LLC RETIREMENT SAVINGS PLAN · CHASKA, MN · plan year 2023

Reported admin expense ratio · 2023
0.57%

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

Bailiwick Services, LLC reported $131,866 in plan administrative expenses for 2023: 0.57% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,732 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 0.58% to 1.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 753rd-largest of 1,918 plans among Minnesota employers on file, and the 4,558th of 11,654 in professional & technical services. In 2023, employees put in $3.29 for every $1.00 the employer contributed; active participation has grown from 373 to 430 since 2022.

Plan summary
Net assets, end of year$26,457,529
Participants with balances477
Active participants430
Employer contributions$744,672
Employee contributions$2,446,293
Employer contribution per active participant$1,732
Average account balance$55,467
Benefits paid to participants$484,819
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$136K · 5 accts · $604K emplr
2023$26.5M · 477 accts · $745K emplr
2022$19.8M · 439 accts · $629K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$57,352
Investment management$74,514
Total administrative$131,866
The Bailiwick Services, LLC 401(k) match · 2023
Employer contribution per active participant$1,732
Median for plans this size$2,440
2023$1,732 per active participant
2022$1,687 per active participant

Bailiwick Services, LLC's 2023 employer contribution ran below the $2,440 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 · 20232
ABBEY STREET LLC · Investment advisory (plan)$74,514
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$57,352

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$170,388 · 1.28%
2023$131,866 · 0.57%
2022$118,262 · 0.58%
Same employer
Similar plansProfessional & Technical Services · Minnesota
Nova Group, Gbc MN$27.4M · 0.20%
Phdata Inc MN$27.4M · 0.08%
Rba, Inc. MN$26.7M · 0.27%
Merjent Inc. MN$25.9M · 0.35%
Boyum & Barenscheer, Pllp MN$24.9M · 0.16%
Impact of Minnesota, Inc. MN$24.5M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411802919 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.