Plan Ledger DOL Form 5500 · updated monthly

Bay & Bay Transfer Co., Inc.401(k)

BAY & BAY RETIREMENT PLAN · EAGAN, MN · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Bay & Bay Transfer Co., Inc. reported $50,264 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $430 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 3 years on file its reported administrative ratio has held roughly steady near 0.454%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Minnesota (1,201st of 1,918), and the 1,483rd of 3,341 in other services. In 2024, employees put in $6.40 for every $1.00 the employer contributed; active participation has grown from 278 to 448 since 2022.

Plan summary
Net assets, end of year$11,946,390
Participants with balances208
Active participants448
Employer contributions$192,526
Employee contributions$1,232,806
Employer contribution per active participant$430
Average account balance$57,435
Benefits paid to participants$1,302,161
Plan auditUnmodified (clean) audit opinion
AuditorLAWRENCE CUMPSTON & ASSOCIATES PLLP
Plan history3
Yearassets · accounts · employer contribution
2024$11.9M · 208 accts · $193K emplr
2023$10.2M · 214 accts · $176K emplr
2022$9.1M · 186 accts · $153K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$47,972
Investment management$2,292
Total administrative$50,264
The Bay & Bay Transfer Co., Inc. 401(k) match · 2024
Employer contribution per active participant$430
Median for plans this size$2,416
2024$430 per active participant
2023$486 per active participant
2022$551 per active participant

Bay & Bay Transfer Co., Inc.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
BENEFIT PLANS ADMIN SERVICES, INC. · Recordkeeping · Consulting$47,972

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

Recordkeeper by year2
2024BENEFIT PLANS ADMIN SERVICES, INC.
2023BENEFIT PLANS ADMIN SERVICES, INC.

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Administrative cost history3
2024$50,264 · 0.45%
2023$43,038 · 0.45%
2022$45,316 · 0.45%
Similar plansOther Services · Minnesota
Viking Client Services, LLC MN$12.8M · 0.43%
City Auto Glass, Inc. MN$12.8M · 0.18%
Trellis MN$11.8M · 0.01%
Rocco Altobelli, Inc. MN$11.1M · 0.87%
Animal Humane Society MN$10.0M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410141842 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.