Plan Ledger DOL Form 5500 · updated monthly

Bennett Lumber Products, Inc.401(k)

BENNETT LUMBER PRODUCTS, INC. 401(K) PLAN · PRINCETON, ID · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Bennett Lumber Products, Inc. reported $132,959 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $3,039 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 0.33% to 0.43%. 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 68th-largest of 349 plans among Idaho employers on file, and the 4,283rd of 13,661 in manufacturing. In 2024, employees put in $1.70 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$31,977,943
Participants with balances256
Active participants210
Employer contributions$638,243
Employee contributions$1,084,949
Employer contribution per active participant$3,039
Average account balance$124,914
Benefits paid to participants$3,620,755
Plan auditUnmodified (clean) audit opinion
AuditorPRESNELL GAGE CPA
Plan history3
Yearassets · accounts · employer contribution
2024$32.0M · 256 accts · $638K emplr
2023$30.5M · 255 accts · $634K emplr
2022$29.1M · 254 accts · $636K emplr
Administrative expenses, itemized · 2024
Investment management$131,009
Audit (IQPA)$1,950
Total administrative$132,959
The Bennett Lumber Products, Inc. 401(k) match · 2024
Employer contribution per active participant$3,039
Median for plans this size$2,416
2024$3,039 per active participant
2023$3,092 per active participant
2022$3,119 per active participant

Bennett Lumber Products, Inc.'s 2024 employer contribution ran above 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 · 20244
EMPOWER ADVISORY GROUP, LLC · Investment management$75,151
WELLS FARGO ADVISORS LLC · Investment advisory (plan)$55,858
PRESNELL GAGE, PLLC · Accounting / audit$1,950

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$132,959 · 0.43%
2023$132,694 · 0.44%
2022$105,781 · 0.33%
Same employer
Similar plansManufacturing · Idaho
Petiq, LLC ID$38.3M · 0.20%
La Semiconductor ID$36.7M · 0.52%
Electronic Controls Company ID$33.8M · 0.24%
Redbuilt LLC ID$28.5M · 0.15%
Western Trailer Co. ID$26.9M · 0.40%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 910726966 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.