Plan Ledger DOL Form 5500 · updated monthly

Black Equipment Co. Inc.401(k)

BLACK EQUIPMENT CO. INC. RETIREMENT PLAN · EVANSVILLE, IN · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Black Equipment Co. Inc. reported $22,092 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $489 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 0.21% to 0.23%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Indiana (893rd of 1,562), and the 1,653rd of 3,341 in other services. In 2024, employees put in $3.79 for every $1.00 the employer contributed; active participation has grown from 260 to 307 since 2022.

Plan summary
Net assets, end of year$10,007,383
Participants with balances127
Active participants307
Employer contributions$150,221
Employee contributions$569,720
Employer contribution per active participant$489
Average account balance$78,798
Benefits paid to participants$1,012,090
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.0M · 127 accts · $150K emplr
2023$9.3M · 116 accts · $142K emplr
2022$8.6M · 107 accts · $108K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$994
Investment management$21,098
Total administrative$22,092
The Black Equipment Co. Inc. 401(k) match · 2024
Employer contribution per active participant$489
Median for plans this size$1,313
2024$489 per active participant
2023$478 per active participant
2022$415 per active participant

Black Equipment Co. Inc.'s 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
AMERICAN UNITED LIFE INSURANCE CO · Recordkeeping · Loan processing$1,444
RT JONES CAPITAL EQUITIES MGMT INC · Investment advisory (participants) · Investment advisory (plan)$21,098

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

Recordkeeper by year2
2024OneAmerica
2023OneAmerica

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

Administrative cost history3
2024$22,092 · 0.23%
2023$18,974 · 0.21%
2022$19,606 · 0.21%
Similar plansOther Services · Indiana
Grand Industrial, LLC IN$10.5M · 0.10%
Bashor Children's Home IN$10.0M · 0.34%
Stone Belt Arc, Inc. IN$9.4M · 0.07%
Thermo King Midwest, Inc. IN$7.8M · 0.39%
Denison Parking, Inc. IN$7.7M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 350999221 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.