Plan Ledger DOL Form 5500 · updated monthly

Bay Shore Systems Inc401(k)

BAY SHORE SYSTEMS 401K PLAN · RATHDRUM, ID · plan year 2023

Reported admin expense ratio · 2023
0.07%

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

Bay Shore Systems Inc reported $5,138 in plan administrative expenses for 2023: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,113 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 1 year on file its reported administrative ratio rose from 0.06% to 0.07%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Idaho (202nd of 349), and 9,995th of 13,661 in manufacturing. In 2023, employees put in $2.84 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,319,472
Participants with balances97
Active participants74
Employer contributions$156,366
Employee contributions$444,208
Employer contribution per active participant$2,113
Average account balance$75,458
Benefits paid to participants$752,976
Plan auditUnmodified (clean) audit opinion
AuditorALPINE SUMMIT CPAS
Plan history2
Yearassets · accounts · employer contribution
2023$7.3M · 97 accts · $156K emplr
2022$6.5M · 110 accts · $174K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$1,915
Investment management$3,223
Total administrative$5,138
The Bay Shore Systems Inc 401(k) match · 2023
Employer contribution per active participant$2,113
Median for plans this size$1,308
2023$2,113 per active participant
2022$1,711 per active participant

Bay Shore Systems Inc's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
SENTRY LIFE INSURANCE COMPANY$1,915

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

Administrative cost history2
2023$5,138 · 0.07%
2022$4,414 · 0.06%
Same employer
Similar plansManufacturing · Idaho
Unitech Composites, Inc. ID$9.9M · 0.69%
Best Bath Systems, Inc. ID$9.9M · 0.73%
Hoff Companies Inc. ID$6.9M · 0.21%
R Y Timber Inc. ID$6.8M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 942597500 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.