Plan Ledger DOL Form 5500 · updated monthly

Blue Technologies, Inc.401(k)

BLUE TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN & TRUST · CLEVELAND, OH · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Blue Technologies, Inc. reported $61,407 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $907 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 0.46% to 0.41%. 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 the 1,528th-largest of 3,295 plans among Ohio employers on file, and the 1,782nd of 5,215 in retail trade. In 2024, employees put in $4.31 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,275,537
Participants with balances212
Active participants176
Employer contributions$159,617
Employee contributions$687,701
Employer contribution per active participant$907
Average account balance$76,771
Benefits paid to participants$689,696
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.3M · 212 accts · $160K emplr
2023$13.9M · 214 accts · $170K emplr
2022$12.3M · 214 accts · $175K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,978
Investment management$27,429
Total administrative$61,407
The Blue Technologies, Inc. 401(k) match · 2024
Employer contribution per active participant$907
Median for plans this size$2,416
2024$907 per active participant
2023$1,054 per active participant
2022$1,035 per active participant

Blue Technologies, Inc.'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 · 20242
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$27,429

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$61,407 · 0.41%
2023$54,834 · 0.42%
2022$63,345 · 0.46%
Same employer
Similar plansRetail Trade · Ohio
Riesbeck Food Markets Inc OH$17.2M · 0.13%
Ecs Tuning, LLC OH$16.8M · 0.19%
McCluskey Chevrolet, Inc. OH$16.2M · 0.38%
Englefield, Inc. OH$16.0M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341804827 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.