Plan Ledger DOL Form 5500 · updated monthly

Bando USA, Inc.401(k)

BANDO USA, INC. 401(K) PLAN · BOWLING GREEN, KY · plan year 2023

Reported admin expense ratio · 2023
0.51%

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

Bando USA, Inc. reported $40,529 in plan administrative expenses for 2023: 0.51% of average plan assets, above the peer median. Employer contributions averaged $640 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 1 year on file its reported administrative ratio rose from 0.44% to 0.51%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Kentucky (537th of 871), and 9,626th of 13,661 in manufacturing. In 2023, employees put in $3.90 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,096,486
Participants with balances95
Active participants161
Employer contributions$103,081
Employee contributions$402,241
Employer contribution per active participant$640
Average account balance$85,226
Benefits paid to participants$1,453,871
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$8.1M · 95 accts · $103K emplr
2022$7.7M · 102 accts · $113K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$17,123
Investment management$23,406
Total administrative$40,529
The Bando USA, Inc. 401(k) match · 2023
Employer contribution per active participant$640
Median for plans this size$1,308
2023$640 per active participant
2022$713 per active participant

Bando USA, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
JULY BUSINESS SERVICES · Contract administrator · Recordkeeping$11,203
BANKERS LIFE ADVISORY SERVICES, INC · Investment advisory (participants)$23,406

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

Administrative cost history2
2023$40,529 · 0.51%
2022$40,261 · 0.44%
Same employer
Similar plansManufacturing · Kentucky
Whitworth Tool, Inc. KY$7.8M · 0.69%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 521704945 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.