Plan Ledger DOL Form 5500 · updated monthly

Baker Boy, Inc.401(k)

BAKER BOY, INC. 401(K) PROFIT SHARING PLAN · DICKINSON, ND · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Baker Boy, Inc. reported $45,099 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $2,036 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 0.23% to 0.20%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 101st-largest of 279 plans among North Dakota employers on file, and the 5,405th of 13,661 in manufacturing. In 2024, employees put in $2.76 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,106,196
Participants with balances274
Active participants222
Employer contributions$451,966
Employee contributions$1,246,766
Employer contribution per active participant$2,036
Average account balance$84,329
Benefits paid to participants$1,390,838
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.1M · 274 accts · $452K emplr
2023$21.5M · 328 accts · $420K emplr
2022$17.8M · 302 accts · $389K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,099
Total administrative$45,099
The Baker Boy, Inc. 401(k) match · 2024
Employer contribution per active participant$2,036
Median for plans this size$2,416
2024$2,036 per active participant
2023$1,868 per active participant
2022$1,649 per active participant

Baker Boy, Inc.'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 · 20241
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$45,099

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

Recordkeeper by year2
2024Alerus
2023Alerus

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

Administrative cost history3
2024$45,099 · 0.20%
2023$41,620 · 0.21%
2022$40,644 · 0.23%
Same employer
Similar plansManufacturing · North Dakota
Hebron Companies, Inc. ND$32.6M · 0.00%
Tmi Group Incorporated ND$30.5M · 0.52%
Newman Signs, Inc. ND$21.6M · 0.24%
Ideal Aerosmith, Inc. ND$21.0M · 0.32%
Red River Commodities, Inc. ND$20.7M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450305551 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.