Plan Ledger DOL Form 5500 · updated monthly

Bluum USA, Inc.401(k)

BLUUM 401(K) PLAN · PHOENIX, AZ · plan year 2023

Reported admin expense ratio · 2023
0.25%

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

Bluum USA, Inc. reported $55,008 in plan administrative expenses for 2023: 0.25% of average plan assets, below the peer median. Employer contributions averaged $886 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 0.13% to 0.76%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other other services employers. By assets it is the 322nd-largest of 1,285 plans among Arizona employers on file, and the 887th of 3,341 in other services. In 2023, employees put in $4.66 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$24,565,277
Participants with balances401
Active participants543
Employer contributions$480,991
Employee contributions$2,242,922
Employer contribution per active participant$886
Average account balance$61,260
Benefits paid to participants$2,014,160
Plan auditUnmodified (clean) audit opinion
AuditorLB CARLSON, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$24.2M · 363 accts · $470K emplr
2023$24.6M · 401 accts · $481K emplr
2022$20.1M · 410 accts · $418K emplr
Administrative expenses, itemized · 2023
Investment management$55,008
Total administrative$55,008
The Bluum USA, Inc. 401(k) match · 2023
Employer contribution per active participant$886
Median for plans this size$2,440
2024$1,215 per active participant
2023$886 per active participant
2022$768 per active participant

Bluum USA, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20236
CREATIVE PLANNING LLC · Investment advisory (plan)$62,167
EMPOWER ADVISORY GROUP, LLC · Investment management$23,314
HUNNEX AND SHOEMAKER INC · Contract administrator$21,228
CBIZ OPERATIONS INC DBA CBIZ MHM LL · Accounting / audit$1,000
GWFS EQUITIES INC · Securities brokerage · Participant communication$170

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$184,673 · 0.76%
2023$55,008 · 0.25%
2022$22,095 · 0.13%
Same employer
Similar plansOther Services · Arizona
Alliance Defending Freedom AZ$31.1M · 0.17%
Next Phase Enterprises, LLC AZ$27.5M · 0.21%
Make-A-Wish Foundation AZ$22.6M · 0.38%
Food for the Hungry, Inc. AZ$18.4M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 860716114 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.