Plan Ledger DOL Form 5500 · updated monthly

Berendsen, Inc.401(k)

BERENDSEN, INC. RETIREMENT SAVINGS PLAN · TULSA, OK · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Berendsen, Inc. reported $70,763 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $2,235 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 0.21% to 0.18%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 143rd-largest of 724 plans among Oklahoma employers on file, and the 1,017th of 4,246 in wholesale trade. In 2024, employees put in $3.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$40,554,969
Participants with balances314
Active participants268
Employer contributions$598,954
Employee contributions$2,029,991
Employer contribution per active participant$2,235
Average account balance$129,156
Benefits paid to participants$3,672,387
Plan auditUnmodified (clean) audit opinion
AuditorSTOTTS, ARCHAMBO, MUEGGENBORG & BAR
Plan history3
Yearassets · accounts · employer contribution
2024$40.6M · 314 accts · $599K emplr
2023$36.5M · 288 accts · $627K emplr
2022$35.9M · 300 accts · $603K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,597
Investment management$40,166
Total administrative$70,763
The Berendsen, Inc. 401(k) match · 2024
Employer contribution per active participant$2,235
Median for plans this size$2,416
2024$2,235 per active participant
2023$2,377 per active participant
2022$2,258 per active participant

Berendsen, 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 · 20243
INTRUST BANK NA · Investment advisory (plan)$29,939
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$10,226

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$70,763 · 0.18%
2023$66,917 · 0.18%
2022$82,348 · 0.21%
Same employer
Similar plansWholesale Trade · Oklahoma
Fabricut, Inc. OK$44.8M · 0.12%
Mtm Recognition Corporation OK$44.7M · 0.19%
Imagenet Consulting, LLC OK$41.0M · 0.24%
Ors Nasco, LLC OK$40.8M · 0.32%
Bution Holdco 1, LLC OK$38.8M · 0.30%
Axh Holdings, LLC OK$25.5M · 0.03%
T & W Tire Company OK$25.0M · 0.44%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 731403688 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.