Plan Ledger DOL Form 5500 · updated monthly

Baxter & Woodman, Inc.401(k)

BAXTER & WOODMAN 401K RETIREMENT SAVINGS PLAN · CRYSTAL LAKE, IL · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Baxter & Woodman, Inc. reported $59,109 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $9,698 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 0.10% to 0.07%. 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 613th-largest of 3,702 plans among Illinois employers on file, and the 1,680th of 11,654 in professional & technical services. In 2024, the employer put in $1.06 for every $1.00 employees contributed themselves; active participation has grown from 358 to 415 since 2022.

Plan summary
Net assets, end of year$89,162,418
Participants with balances586
Active participants415
Employer contributions$4,024,506
Employee contributions$3,788,184
Employer contribution per active participant$9,698
Average account balance$152,154
Benefits paid to participants$6,852,905
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$89.2M · 586 accts · $4.0M emplr
2023$77.2M · 531 accts · $3.6M emplr
2022$60.8M · 485 accts · $3.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,109
Investment management$45,000
Total administrative$59,109
The Baxter & Woodman, Inc. 401(k) match · 2024
Employer contribution per active participant$9,698
Median for plans this size$3,635
2024$9,698 per active participant
2023$8,925 per active participant
2022$8,812 per active participant

Baxter & Woodman, Inc.'s 2024 employer contribution ran above the $3,635 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
ASCENSUS LLC · Loan processing · Recordkeeping$14,109
PROSPERA FINANCIAL SERVICES · Investment advisory (plan)$45,000

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$59,109 · 0.07%
2023$60,661 · 0.09%
2022$62,164 · 0.10%
Same employer
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Swanson, Martin & Bell, LLP IL$93.4M · 0.08%
Freeborn & Peters LLP IL$92.1M · 0.11%
Engineering Systems Inc. IL$90.0M · 0.09%
Cramer-Krasselt Co. IL$88.8M · 0.12%
United Generations, LLC IL$87.8M · 0.14%
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Kemper CPA Group LLP IL$80.6M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362845242 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.