Plan Ledger DOL Form 5500 · updated monthly

Beck Suppliers, Inc.401(k)

BECK SUPPLIERS, INC. 401(K) PLAN · FREMONT, OH · plan year 2024

Reported admin expense ratio · 2024
0.67%

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

Beck Suppliers, Inc. reported $66,833 in plan administrative expenses for 2024: 0.67% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,435 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 0.67%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Ohio (1,935th of 3,295), and the 2,509th of 5,215 in retail trade. In 2024, employees put in $3.22 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,679,038
Participants with balances309
Active participants253
Employer contributions$362,964
Employee contributions$1,167,197
Employer contribution per active participant$1,435
Average account balance$34,560
Benefits paid to participants$1,409,980
Plan auditUnmodified (clean) audit opinion
AuditorREA ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$10.7M · 309 accts · $363K emplr
2023$9.4M · 292 accts · $334K emplr
2022$8.9M · 279 accts · $310K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,570
Investment management$23,263
Total administrative$66,833
The Beck Suppliers, Inc. 401(k) match · 2024
Employer contribution per active participant$1,435
Median for plans this size$2,416
2024$1,435 per active participant
2023$1,331 per active participant
2022$1,214 per active participant

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

Service providers · 20242
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$43,565
VENTURE VISIONARY PARTNERS LLC · Investment advisory (plan)$23,263

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

Recordkeeper by year2
2024The Standard
2023The Standard

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

Administrative cost history3
2024$66,833 · 0.67%
2023$59,473 · 0.65%
2022$58,445 · 0.64%
Same employer
Similar plansRetail Trade · Ohio
Buckeye Honda OH$11.6M · 0.69%
Grismer Tire Company OH$11.5M · 0.45%
Morris Furniture Co., Inc. OH$11.2M · 0.44%
Bob Boyd Auto Family OH$10.9M · 0.58%
Icp, Inc. OH$10.6M · 0.59%
Mta Investments, Inc. OH$10.4M · 1.24%
Hissong Group, Inc. OH$10.3M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 340928061 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.