Plan Ledger DOL Form 5500 · updated monthly

Bear Diversified Inc.401(k)

BEAR DIVERSIFIED, INC. 401(K) RETIREMENT & SAVINGS PLAN · CUYAHOGA HEIGHTS, OH · plan year 2024

Reported admin expense ratio · 2024
0.62%

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

Bear Diversified Inc. reported $99,632 in plan administrative expenses for 2024: 0.62% of average plan assets, higher than ~75% of peers. Employer contributions averaged $624 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 0.85% to 0.62%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,471st-largest of 3,295 plans among Ohio employers on file, and the 6,521st of 13,661 in manufacturing. In 2024, employees put in $1.94 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,232,281
Participants with balances540
Active participants773
Employer contributions$482,590
Employee contributions$935,358
Employer contribution per active participant$624
Average account balance$31,912
Benefits paid to participants$1,122,596
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.2M · 540 accts · $483K emplr
2023$14.9M · 538 accts · $578K emplr
2022$13.5M · 624 accts · $555K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$67,072
Investment management$23,197
Total administrative$99,632
The Bear Diversified Inc. 401(k) match · 2024
Employer contribution per active participant$624
Median for plans this size$2,416
2024$624 per active participant
2023$760 per active participant
2022$750 per active participant

Bear Diversified 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 · 20243
UBS FINANCIAL SERVICES INC. · Investment advisory (plan)$23,197
CBIZ BENEFITS & INS SERVICES INC · Contract administrator$12,181

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

Administrative cost history3
2024$99,632 · 0.62%
2023$138,097 · 0.97%
2022$123,631 · 0.85%
Similar plansManufacturing · Ohio
R. G. Barry Corporation OH$17.3M · 0.16%
Forge Biologics, Inc. OH$17.3M · 0.22%
Rize Home LLC OH$17.2M · 0.48%
I.D. Images, LLC OH$17.2M · 0.28%
Mwgh LLC OH$17.2M · 0.42%
Weaver Leather LLC OH$17.2M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 474467472 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.