Plan Ledger DOL Form 5500 · updated monthly

Baldwin Supply Company401(k)

BALDWIN SUPPLY COMPANY RETIREMENT SAVINGS PLAN · PLYMOUTH, MN · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Baldwin Supply Company reported $61,482 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $2,098 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 3 years on file its reported administrative ratio has held roughly steady near 0.30%. 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 the 850th-largest of 1,918 plans among Minnesota employers on file, and the 1,758th of 4,246 in wholesale trade. In 2024, employees put in $4.33 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,916,924
Participants with balances180
Active participants157
Employer contributions$329,353
Employee contributions$1,424,647
Employer contribution per active participant$2,098
Average account balance$121,761
Benefits paid to participants$1,063,712
Plan auditUnmodified (clean) audit opinion
AuditorBARTON WALTER & KRIER, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$21.9M · 180 accts · $329K emplr
2023$18.6M · 174 accts · $305K emplr
2022$14.6M · 160 accts · $296K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,200
Investment management$38,282
Total administrative$61,482
The Baldwin Supply Company 401(k) match · 2024
Employer contribution per active participant$2,098
Median for plans this size$2,416
2024$2,098 per active participant
2023$2,050 per active participant
2022$1,972 per active participant

Baldwin Supply Company'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 · 20242
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$38,282
CAPITAL GROUP RETIREMENT PLAN SVCS. · Trustee (directed) · Other services$23,200

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$61,482 · 0.30%
2023$48,857 · 0.29%
2022$47,752 · 0.31%
Same employer
Similar plansWholesale Trade · Minnesota
Applied Products, Inc. MN$24.1M · 0.13%
Herregan Distributors, Inc. MN$23.4M · 0.11%
H.M. Cragg Company MN$22.2M · 0.01%
Mason Brothers Company MN$21.8M · 0.27%
Herc-U-Lift, Inc. MN$21.7M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410788235 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.