Plan Ledger DOL Form 5500 · updated monthly

Blast Cleaning Technologies, Inc.401(k)

BLAST CLEANING TECHNOLOGIES 401(K) PLAN · WEST ALLIS, WI · plan year 2024

Reported admin expense ratio · 2024
0.71%

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

Blast Cleaning Technologies, Inc. reported $79,239 in plan administrative expenses for 2024: 0.71% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,741 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 fell from 0.92% to 0.71%. 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 among the smaller plans on file in Wisconsin (1,155th of 1,936), and 7,831st of 13,661 in manufacturing. In 2024, employees put in $3.55 for every $1.00 the employer contributed; active participation has grown from 200 to 252 since 2022.

Plan summary
Net assets, end of year$12,635,572
Participants with balances256
Active participants252
Employer contributions$438,804
Employee contributions$1,555,737
Employer contribution per active participant$1,741
Average account balance$49,358
Benefits paid to participants$932,548
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.6M · 256 accts · $439K emplr
2023$9.6M · 204 accts · $381K emplr
2022$7.1M · 169 accts · $318K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$79,239
Total administrative$79,239
The Blast Cleaning Technologies, Inc. 401(k) match · 2024
Employer contribution per active participant$1,741
Median for plans this size$2,416
2024$1,741 per active participant
2023$1,664 per active participant
2022$1,589 per active participant

Blast Cleaning Technologies, 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 · 20242
JOHN HANCOCK LIFE INSURANCE · Recordkeeping$2,140
JOHN HANCOCK LIFE INSURANCE · Recordkeeping · Investment managementindirect comp

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$79,239 · 0.71%
2023$75,616 · 0.91%
2022$63,603 · 0.92%
Same employer
Similar plansManufacturing · Wisconsin
Heartland Farms, Inc. WI$12.9M · 0.47%
Bay View Industries, Inc. WI$12.8M · 0.45%
Chemdesign Products, Inc. WI$12.7M · 0.32%
United Alloy Inc WI$12.5M · 0.67%
Muth Mirror Systems LLC WI$12.2M · 0.31%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 262664218 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.