Plan Ledger DOL Form 5500 · updated monthly

Bedford Machine and Tool, Inc.401(k)

CAP GROUP 401K · BEDFORD, IN · plan year 2024

Reported admin expense ratio · 2024
0.62%

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

Bedford Machine and Tool, Inc. reported $43,833 in plan administrative expenses for 2024: 0.62% of average plan assets, above the peer median. Employer contributions averaged $519 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 rose from 0.44% to 0.62%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Indiana (1,018th of 1,562), and 9,902nd of 13,661 in manufacturing. In 2024, employees put in $6.48 for every $1.00 the employer contributed; active participation has shrunk from 325 to 267 since 2022.

Plan summary
Net assets, end of year$7,512,521
Participants with balances293
Active participants267
Employer contributions$138,641
Employee contributions$898,196
Employer contribution per active participant$519
Average account balance$25,640
Benefits paid to participants$938,888
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.5M · 293 accts · $139K emplr
2023$6.7M · 299 accts · $192K emplr
2022$5.9M · 304 accts · $177K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,951
Investment management$16,882
Total administrative$43,833
The Bedford Machine and Tool, Inc. 401(k) match · 2024
Employer contribution per active participant$519
Median for plans this size$1,313
2024$519 per active participant
2023$682 per active participant
2022$545 per active participant

Bedford Machine and Tool, 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 · 20242
JOHN HANCOCK · Recordkeeping · Loan processing$27,339
NORTHWESTERN MUTUAL WEALTH MANAGEME · Investment advisory (plan)$16,493

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$43,833 · 0.62%
2023$39,067 · 0.62%
2022$26,993 · 0.44%
Same employer
Similar plansManufacturing · Indiana
Heritage Products Inc. IN$7.5M · 0.29%
Fibertech Plastics LLC IN$7.5M · 0.70%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 351723488 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.