Plan Ledger DOL Form 5500 · updated monthly

Berglund Management Group401(k)

BERGLUND MANAGEMENT GROUP, INC. 401(K) PLAN · ROANOKE, VA · plan year 2024

Reported admin expense ratio · 2024
0.60%

Berglund Management Group reported $93,491 in plan administrative expenses for 2024: 0.60% of average plan assets, higher than ~75% of peers. 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 0.60%. 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 the 1,106th-largest of 2,266 plans among Virginia employers on file, and the 1,730th of 5,215 in retail trade.

Plan summary
Net assets, end of year$16,806,616
Participants with balances398
Active participants405
Employer contributions—
Employee contributions$1,422,975
Employer contribution per active participant—
Average account balance$42,228
Benefits paid to participants$1,052,580
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.8M · 398 accts
2023$14.3M · 375 accts
2022$13.3M · 383 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$91,315
Total administrative$93,491
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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$61,554
T. ROWE PRICE · Contract administrator$24,919
WILBANKS, SMITH & THOMAS ASSET MANA · Investment advisory (plan)$12,358
CAP FINANCIAL PARTNERS, LLC · Investment advisory (plan)$7,319

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$93,491 · 0.60%
2023$99,566 · 0.72%
2022$89,378 · 0.62%
Similar plansRetail Trade · Virginia
Fink's Jewelers, Inc. VA$19.0M · 0.34%
Beach Ford, Inc. VA$18.6M · 0.28%
Radley Imports Incorporated VA$17.2M · 0.55%
Extended Service Corp. VA$17.0M · 0.24%
Pohanka Oldsmobile Gmc VA$16.0M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541375337 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.