Plan Ledger DOL Form 5500 · updated monthly

Batteries Plus, LLC401(k)

BATTERIES PLUS, LLC 401(K) PLAN · HARTLAND, WI · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Batteries Plus, LLC reported $108,469 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $1,453 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 0.43% to 0.27%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 481st-largest of 1,936 plans among Wisconsin employers on file, and the 768th of 5,215 in retail trade. In 2024, employees put in $2.45 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$41,119,223
Participants with balances1,274
Active participants1,015
Employer contributions$1,474,602
Employee contributions$3,610,947
Employer contribution per active participant$1,453
Average account balance$32,276
Benefits paid to participants$9,238,274
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$41.1M · 1,274 accts · $1.5M emplr
2023$40.0M · 1,214 accts · $1.5M emplr
2022$32.2M · 1,190 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$68,902
Investment management$39,567
Total administrative$108,469
The Batteries Plus, LLC 401(k) match · 2024
Employer contribution per active participant$1,453
Median for plans this size$2,416
2024$1,453 per active participant
2023$1,516 per active participant
2022$1,551 per active participant

Batteries Plus, LLC'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
LINCOLN NATIONAL CORPORATION · Contract administrator$68,902
MERRILL LYNCH · Investment advisory (participants) · Investment advisory (plan)$39,567

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$108,469 · 0.27%
2023$99,998 · 0.28%
2022$147,675 · 0.43%
Same employer
Similar plansRetail Trade · Wisconsin
Steinhafels Inc. WI$51.6M · 0.32%
The Boucher Group, Inc. WI$50.3M · 0.05%
Shoptikal WI$46.0M · 0.07%
Duluth Holdings Inc. WI$44.3M · 0.43%
Kayser Ford, Inc. WI$36.0M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391703248 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.