Plan Ledger DOL Form 5500 · updated monthly

Baker Distributing Corporation401(k)

BAKER DISTRIBUTING CORPORATION 401(K) PROFIT SHARING PLAN · NORTH CLARENDON, VT · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

Baker Distributing Corporation reported $59,318 in plan administrative expenses for 2024: 0.58% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,009 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 0.43% to 0.58%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Vermont (144th of 230), and 2,855th of 4,246 in wholesale trade. In 2024, employees put in $1.71 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,398,693
Participants with balances264
Active participants168
Employer contributions$169,507
Employee contributions$289,575
Employer contribution per active participant$1,009
Average account balance$39,389
Benefits paid to participants$1,366,941
Plan auditUnmodified (clean) audit opinion
AuditorGALLAGHER FLYNN & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$10.4M · 264 accts · $170K emplr
2023$10.2M · 350 accts · $90K emplr
2022$9.7M · 350 accts · $90K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,359
Investment management$25,959
Total administrative$59,318
The Baker Distributing Corporation 401(k) match · 2024
Employer contribution per active participant$1,009
Median for plans this size$2,416
2024$1,009 per active participant
2023$552 per active participant
2022$492 per active participant

Baker Distributing Corporation's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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
NEWPORT RETIREMENT SERVICES, INC. · Contract administrator · Plan administrator$33,359
CITIGROUP GLOBAL MARKETS, INC. · Investment advisory (participants) · Investment advisory (plan)$25,959
NEWPORT TRUST COMPANY · Trusteeindirect comp

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$59,318 · 0.58%
2023$50,562 · 0.51%
2022$49,007 · 0.43%
Same employer
Similar plansWholesale Trade · Vermont
Burton Corporation VT$86.7M · 0.29%
New Chapter, Inc. VT$19.5M · 0.50%
S.B. Collins, Inc. VT$9.7M · 0.87%
E Block, Corp. VT$5.8M · 1.14%
Capital Candy, Inc. VT$5.4M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 030215576 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.