Plan Ledger DOL Form 5500 · updated monthly

Bedrock Manufacturing Company, LLC401(k)

BEDROCK MANUFACTURING COMPANY 401(K) PLAN · DETROIT, MI · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Bedrock Manufacturing Company, LLC reported $165,485 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,599 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 0.46% to 0.51%. 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 717th-largest of 2,619 plans among Michigan employers on file, and the 4,130th of 13,661 in manufacturing. In 2024, employees put in $2.72 for every $1.00 the employer contributed; active participation has shrunk from 613 to 543 since 2022.

Plan summary
Net assets, end of year$33,817,077
Participants with balances849
Active participants543
Employer contributions$868,399
Employee contributions$2,363,805
Employer contribution per active participant$1,599
Average account balance$39,832
Benefits paid to participants$5,885,511
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$33.8M · 849 accts · $868K emplr
2023$31.5M · 991 accts · $1.1M emplr
2022$27.0M · 1,056 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$165,485
Total administrative$165,485
The Bedrock Manufacturing Company, LLC 401(k) match · 2024
Employer contribution per active participant$1,599
Median for plans this size$2,416
2024$1,599 per active participant
2023$1,576 per active participant
2022$2,018 per active participant

Bedrock Manufacturing Company, LLC'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
ADP, INC. · Loan processing · Recordkeeping$65,568
GREGORY J. SCHWARTZ & CO., INC. · Recordkeeping · Trustee$31,156

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$165,485 · 0.51%
2023$141,083 · 0.48%
2022$138,807 · 0.46%
Same employer
Similar plansManufacturing · Michigan
Mdi Acquisitions, Inc. MI$34.5M · 0.24%
Celia Corporation MI$34.5M · 0.03%
Modineer Co. MI$33.9M · 0.49%
Thetford LLC MI$33.4M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 470991428 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.