Plan Ledger DOL Form 5500 · updated monthly

Bauer Underground, Inc.401(k)

BAUER UNDERGROUND, INC. SAFE HARBOR 401(K) PLAN · NORFOLK, NE · plan year 2024

Reported admin expense ratio · 2024
0.96%

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

Bauer Underground, Inc. reported $62,024 in plan administrative expenses for 2024: 0.96% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,458 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 has held roughly steady near 0.96%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Nebraska (416th of 565), and 3,552nd of 5,337 in construction. In 2024, employees put in $1.62 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,189,759
Participants with balances197
Active participants195
Employer contributions$479,217
Employee contributions$776,493
Employer contribution per active participant$2,458
Average account balance$36,496
Benefits paid to participants$582,800
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$7.2M · 197 accts · $479K emplr
2023$5.8M · 168 accts · $435K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,385
Investment management$31,639
Total administrative$62,024
The Bauer Underground, Inc. 401(k) match · 2024
Employer contribution per active participant$2,458
Median for plans this size$1,313
2024$2,458 per active participant
2023$3,064 per active participant

Bauer Underground, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20242
USI ADVISORS INC · Investment advisory (plan)$30,683

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

Administrative cost history2
2024$62,024 · 0.96%
2023$48,078 · 0.97%
Same employer
Similar plansConstruction · Nebraska
Aoi Corporation NE$9.7M · 0.24%
Heimes Corp. NE$9.0M · 0.51%
Snell Services, Inc. NE$6.0M · 0.33%
McGill Restoration, Inc. NE$4.7M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 770591642 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.