Plan Ledger DOL Form 5500 · updated monthly

Big Dutchman, Inc401(k)

BIG DUTCHMAN, INC. PROFIT SHARING PLAN · HOLLAND, MI · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Big Dutchman, Inc reported $39,101 in plan administrative expenses for 2024: 0.22% of average plan assets, below the peer median. Employer contributions averaged $1,396 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 0.22%. 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 1,086th-largest of 2,619 plans among Michigan employers on file, and the 6,193rd of 13,661 in manufacturing. In 2024, employees put in $3.56 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$18,664,535
Participants with balances183
Active participants181
Employer contributions$252,766
Employee contributions$900,961
Employer contribution per active participant$1,396
Average account balance$101,992
Benefits paid to participants$1,457,667
Plan auditUnmodified (clean) audit opinion
AuditorMAYAARD TOLMAN & VENLET
Plan history3
Yearassets · accounts · employer contribution
2024$18.7M · 183 accts · $253K emplr
2023$16.5M · 175 accts · $248K emplr
2022$14.0M · 183 accts · $250K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,431
Investment management$33,670
Total administrative$39,101
The Big Dutchman, Inc 401(k) match · 2024
Employer contribution per active participant$1,396
Median for plans this size$2,416
2024$1,396 per active participant
2023$1,549 per active participant
2022$1,398 per active participant

Big Dutchman, 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 · 20241
GREENLEAF TRUST · Recordkeeping · Trustee$39,100

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024GREENLEAF TRUST
2023GREENLEAF TRUST

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$39,101 · 0.22%
2023$34,443 · 0.23%
2022$30,087 · 0.20%
Same employer
Similar plansManufacturing · Michigan
Corium Innovations, Inc. MI$19.0M · 0.19%
Wall Colmonoy Corporation MI$19.0M · 0.54%
Peterson Farms, Inc. MI$18.9M · 0.44%
Delaco Steel Corporation MI$18.7M · 0.47%
Po Lighting USA, Inc. MI$18.6M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382069979 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.