Plan Ledger DOL Form 5500 · updated monthly

Binswanger Enterprises, LLC401(k)

BINSWANGER ENTERPRISES, LLC 401(K) PLAN · MEMPHIS, TN · plan year 2025

Reported admin expense ratio · 2025
0.55%

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

Binswanger Enterprises, LLC reported $131,411 in plan administrative expenses for 2025: 0.55% of average plan assets, higher than ~75% of peers. Employer contributions averaged $797 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 3 years on file its reported administrative ratio fell from 0.65% to 0.55%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other construction employers. By assets it is the 464th-largest of 1,496 plans among Tennessee employers on file, and the 1,707th of 5,337 in construction. In 2025, employees put in $5.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$25,607,239
Participants with balances695
Active participants572
Employer contributions$455,908
Employee contributions$2,282,172
Employer contribution per active participant$797
Average account balance$36,845
Benefits paid to participants$2,988,380
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$25.6M · 695 accts · $456K emplr
2024$22.4M · 721 accts · $426K emplr
2023$21.2M · 752 accts · $397K emplr
2022$20.0M · 790 accts · $435K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$131,411
Total administrative$131,411
The Binswanger Enterprises, LLC 401(k) match · 2025
Employer contribution per active participant$797
Median for plans this size$2,666
2025$797 per active participant
2024$747 per active participant
2023$668 per active participant
2022$734 per active participant

Binswanger Enterprises, LLC's 2025 employer contribution ran below the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$131,411
CREATIVE PLANNING, INC. · Investment advisory (plan)indirect comp
CREATIVE PLANNING, LLC · 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 history4
2025$131,411 · 0.55%
2024$140,958 · 0.65%
2023$134,634 · 0.65%
2022$154,546 · 0.65%
Same employer
Similar plansConstruction · Tennessee
Redwood Management, LLC TN$27.8M · 0.41%
Upright Holdings, Inc. TN$27.3M · 0.37%
Bldr Holdings, Inc TN$26.2M · 0.33%
Massey Construction, Inc. TN$21.7M · 0.56%
Slc Holding Company, LLC TN$21.2M · 0.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 452494902 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.