Plan Ledger DOL Form 5500 · updated monthly

Bay Towel, Inc.401(k)

BAY TOWEL, INC. 401(K) PROFIT SHARING PLAN · LITTLE CHUTE, WI · plan year 2024

Reported admin expense ratio · 2024
0.71%

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

Bay Towel, Inc. reported $38,363 in plan administrative expenses for 2024: 0.71% of average plan assets, above the peer median. Employer contributions averaged $353 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 0.71%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Wisconsin (1,560th of 1,936), and 2,184th of 3,341 in other services. In 2024, employees put in $8.58 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,788,923
Participants with balances153
Active participants151
Employer contributions$53,280
Employee contributions$457,167
Employer contribution per active participant$353
Average account balance$37,836
Benefits paid to participants$460,397
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.8M · 153 accts · $53K emplr
2023$5.1M · 233 accts · $66K emplr
2022$4.3M · 225 accts · $62K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,363
Total administrative$38,363
The Bay Towel, Inc. 401(k) match · 2024
Employer contribution per active participant$353
Median for plans this size$1,313
2024$353 per active participant
2023$430 per active participant
2022$428 per active participant

Bay Towel, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20243
RETIREMENT STRATEGIES LLC · Consulting · Recordkeeping$8,757
NICOLT NATIONAL BANK · Investment advisory (participants)$18,771

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

Recordkeeper by year2
2024RETIREMENT STRATEGIES LLC
2023RETIREMENT STRATEGIES LLC

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

Administrative cost history3
2024$38,363 · 0.71%
2023$35,795 · 0.77%
2022$32,672 · 0.70%
Same employer
Similar plansOther Services · Wisconsin
Local 2138 U.S.W.A. WI$7.2M · 0.53%
Cerebral Palsy, Inc. WI$6.2M · 0.61%
Huebsch Laundry Company WI$6.2M · 0.94%
Master Fleet, LLC WI$5.7M · 0.77%
Clarity Care, Inc. WI$5.4M · 1.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391027487 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.