Plan Ledger DOL Form 5500 · updated monthly

Blakeman Steel, Inc.Profit-sharing plan

BLAKEMAN STEEL, INC. PROFIT SHARING PLAN · FORT WORTH, TX · plan year 2024

Reported admin expense ratio · 2024
1.08%

Blakeman Steel, Inc. reported $33,870 in plan administrative expenses for 2024: 1.08% of average plan assets, higher than ~75% of peers. 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 fell from 2.12% to 1.08%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Texas (4,525th of 5,688), and 12,172nd of 13,661 in manufacturing.

Plan summary
Net assets, end of year$3,200,253
Participants with balances241
Active participants127
Employer contributions—
Employee contributions—
Employer contribution per active participant—
Average account balance$13,279
Benefits paid to participants$242,026
Plan auditUnmodified (clean) audit opinion
AuditorMILBERN RAY & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$3.2M · 241 accts
2023$3.1M · 244 accts
2022$2.9M · 219 accts · $250K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,870
Total administrative$33,870
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 · 20243
LOCKTON INVESTMENT ADVISORS · Investment advisory (plan)$17,890
MAP RETIREMENT · Other services$13,365
CHARLES SCHWAB TRUST BANK · Investment advisory (participants)$2,615

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$33,870 · 1.08%
2023$33,344 · 1.11%
2022$66,411 · 2.12%
Same employer
Similar plansManufacturing · Texas
Baumann Springs USA, Inc TX$3.3M · 0.11%
Accura Systems, Inc. TX$3.3M · 0.88%
Abimar Foods, Inc TX$3.3M · 0.28%
Tige Boats, Inc. TX$3.3M · 0.57%
Circle Y Saddles, Inc. TX$3.2M · 0.30%
Readyone Industries TX$3.2M · 1.60%
Locke Solutions LLC TX$3.1M · 1.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 752208928 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.