Plan Ledger DOL Form 5500 · updated monthly

Blarney Castle Oil Co.401(k)

BLARNEY CASTLE OIL CO. 401(K) PLAN · BEAR LAKE, MI · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Blarney Castle Oil Co. reported $33,948 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $666 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 0.02% to 0.29%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Michigan (1,370th of 2,619), and the 2,200th of 5,215 in retail trade. In 2024, employees put in $2.89 for every $1.00 the employer contributed; active participation has grown from 531 to 660 since 2022.

Plan summary
Net assets, end of year$12,548,414
Participants with balances694
Active participants660
Employer contributions$439,648
Employee contributions$1,272,535
Employer contribution per active participant$666
Average account balance$18,081
Benefits paid to participants$1,363,089
Plan auditUnmodified (clean) audit opinion
AuditorHUNGERFORD
Plan history3
Yearassets · accounts · employer contribution
2024$12.5M · 694 accts · $440K emplr
2023$11.2M · 665 accts · $391K emplr
2022$9.6M · 591 accts · $324K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,948
Total administrative$33,948
The Blarney Castle Oil Co. 401(k) match · 2024
Employer contribution per active participant$666
Median for plans this size$2,416
2024$666 per active participant
2023$621 per active participant
2022$610 per active participant

Blarney Castle Oil Co.'s 2024 employer contribution ran below the $2,416 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 · 20241
LINCOLN NATIONAL CORPORATION · Contract administrator$33,948

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$33,948 · 0.29%
2023$20,954 · 0.20%
2022$2,369 · 0.02%
Same employer
Similar plansRetail Trade · Michigan
Wireless Vision, LLC MI$13.7M · 0.69%
Folk Oil Company, Inc. MI$12.3M · 0.04%
Champion Chevrolet, Inc. MI$12.0M · 0.40%
P Cor, LLC MI$12.0M · 0.53%
Hines Park Lincoln, Inc. MI$12.0M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381484988 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.