Plan Ledger DOL Form 5500 · updated monthly

Barge Design Solutions, Inc.401(k)

BARGE DESIGN SOLUTIONS, INC. EMPLOYEES' PROFIT SHARING PLAN · NASHVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Barge Design Solutions, Inc. reported $323,986 in plan administrative expenses for 2024: 0.25% of average plan assets, higher than ~75% of peers. Employer contributions averaged $5,195 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 0.22% to 0.25%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 129th-largest of 1,496 plans among Tennessee employers on file, and the 1,092nd of 11,654 in professional & technical services. In 2024, employees put in $2.11 for every $1.00 the employer contributed; active participation has grown from 450 to 614 since 2022.

Plan summary
Net assets, end of year$142,041,905
Participants with balances733
Active participants614
Employer contributions$3,189,904
Employee contributions$6,730,355
Employer contribution per active participant$5,195
Average account balance$193,782
Benefits paid to participants$16,702,047
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$142.0M · 733 accts · $3.2M emplr
2023$120.5M · 670 accts · $2.8M emplr
2022$95.2M · 596 accts · $2.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$269,011
Investment management$34,500
Audit (IQPA)$20,475
Total administrative$323,986
The Barge Design Solutions, Inc. 401(k) match · 2024
Employer contribution per active participant$5,195
Median for plans this size$3,635
2024$5,195 per active participant
2023$5,115 per active participant
2022$4,866 per active participant

Barge Design Solutions, Inc.'s 2024 employer contribution ran above the $3,635 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$257,510
ROBERT W BAIRD INC · Investment advisory (participants) · Investment advisory (plan)$46,000
CHERRY BEKAERT LLP · Accounting / audit$20,475
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$323,986 · 0.25%
2023$243,439 · 0.23%
2022$210,113 · 0.22%
Same employer
Similar plansProfessional & Technical Services · Tennessee
Bass, Berry & Sims TN$355.4M · 0.02%
Gresham Smith TN$224.7M · 0.12%
Miller & Martin PLLC TN$138.2M · 0.05%
Healthstream, Inc. TN$99.0M · 0.26%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 620525827 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.