Plan Ledger DOL Form 5500 · updated monthly

Bestop, Inc.401(k)

BESTOP, INC. 401(K) RETIREMENT PLAN · LOUISVILLE, CO · plan year 2023

Reported admin expense ratio · 2023
0.29%

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

Bestop, Inc. reported $53,126 in plan administrative expenses for 2023: 0.29% of average plan assets, above the peer median. Employer contributions averaged $2,212 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 0.20% to 0.35%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 536th-largest of 1,461 plans among Colorado employers on file, and the 6,060th of 13,661 in manufacturing. In 2023, employees put in $2.63 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,360,471
Participants with balances269
Active participants208
Employer contributions$460,114
Employee contributions$1,211,625
Employer contribution per active participant$2,212
Average account balance$71,972
Benefits paid to participants$2,479,249
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.2M · 282 accts · $504K emplr
2023$19.4M · 269 accts · $460K emplr
2022$17.6M · 280 accts · $506K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$53,126
Total administrative$53,126
The Bestop, Inc. 401(k) match · 2023
Employer contribution per active participant$2,212
Median for plans this size$2,440
2024$2,344 per active participant
2023$2,212 per active participant
2022$2,374 per active participant

Bestop, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$53,126
SECURITIES AMERICA ADVISORS, INC. · Investment advisory (plan)indirect comp
THE PATRIOT FINANCIAL GROUP, LLC · Investment advisory (plan)indirect comp

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$66,941 · 0.35%
2023$53,126 · 0.29%
2022$38,559 · 0.20%
Same employer
Similar plansManufacturing · Colorado
Boa Technology Inc. CO$21.2M · 0.03%
Odell Brewing Company CO$20.7M · 0.36%
In-Situ Inc CO$20.2M · 0.05%
Spectralink Corporation CO$19.6M · 0.16%
Trustile Doors, LLC CO$18.5M · 0.73%
Stoneage, Inc. CO$18.1M · 0.25%
Ready Foods, Inc. CO$18.0M · 0.40%
Cerapedics, Inc. CO$17.4M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 473531626 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.