Plan Ledger DOL Form 5500 · updated monthly

Bettcher Industries, Inc.401(k)

BETTCHER INDUSTRIES, INC. 401(K) RETIREMENT SAVINGS PLAN · WAKEMAN, OH · plan year 2023

Reported admin expense ratio · 2023
0.18%

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

Bettcher Industries, Inc. reported $119,064 in plan administrative expenses for 2023: 0.18% of average plan assets, above the peer median. Employer contributions averaged $1,242 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 0.115% to 0.125%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other manufacturing employers. By assets it is the 501st-largest of 3,295 plans among Ohio employers on file, and the 2,518th of 13,661 in manufacturing. In 2023, employees put in $5.99 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$68,030,031
Participants with balances343
Active participants251
Employer contributions$311,660
Employee contributions$1,868,035
Employer contribution per active participant$1,242
Average account balance$198,338
Benefits paid to participants$8,886,628
Plan auditUnmodified (clean) audit opinion
AuditorDAMICO WAWRIN & COMPANY CPA'S
Plan history3
Yearassets · accounts · employer contribution
2024$66.3M · 341 accts · $608K emplr
2023$68.0M · 343 accts · $312K emplr
2022$66.1M · 338 accts · $465K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$86,345
Investment management$32,719
Total administrative$119,064
The Bettcher Industries, Inc. 401(k) match · 2023
Employer contribution per active participant$1,242
Median for plans this size$3,659
2024$2,461 per active participant
2023$1,242 per active participant
2022$1,693 per active participant

Bettcher Industries, Inc.'s 2023 employer contribution ran below the $3,659 median for plans its size, in the bottom quarter of its peers. 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$86,292
CAPFINANCIAL PARTNERS · Investment advisory (plan)$32,721
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)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$83,681 · 0.12%
2023$119,064 · 0.18%
2022$89,284 · 0.12%
All plans at this employer2
BETTCHER INDUSTRIES, INC. 401(K) RETIREMENT SAVINGS PLAN401(k)
BETTCHER INDUSTRIES, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
Similar plansManufacturing · Ohio
Champion Laboratories, Inc. OH$68.6M · 0.30%
Sumiriko Ohio, Inc. OH$67.9M · 0.25%
Roppe Corporation OH$66.8M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341575191 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.