Plan Ledger DOL Form 5500 · updated monthly

Bobs Wood Specialties Inc401(k)

BOBS WOOD SPECIALTIES INC 401(K) PROFIT SHARING PLAN & TRUST · BURNSVILLE, MN · plan year 2020

Reported admin expense ratio · 2020
1.09%

Bobs Wood Specialties Inc reported $14,399 in plan administrative expenses for 2020: 1.09% of average plan assets, higher than ~90% 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 294 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Minnesota (1,844th of 1,918), and 13,159th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$1,289,737
Participants with balances108
Active participants55
Employer contributions—
Employee contributions$90,555
Employer contribution per active participant—
Average account balance$11,942
Benefits paid to participants$291,559
Plan auditUnmodified (clean) audit opinion
AuditorMAYER HOFFMAN MCCANN P.C.
Administrative expenses, itemized · 2020
Recordkeeping & contract admin$8,095
Investment management$6,304
Total administrative$14,399
What these fees cost you

Annual cost at the plan's reported 2020 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2020$14,399 · 1.09%
Similar plansManufacturing · Minnesota
Rosenbauer Minnesota, LLC MN$1.4M · 0.50%
Downs Food Group Inc. MN$1.4M · 0.97%
Aludec USA, Inc. MN$1.3M · 0.78%
Bushel Boy Farms, LLP MN$1.3M · 1.13%
Leafline Labs, LLC MN$1.2M · 1.63%
United Packaging, Inc. MN$1.2M · 0.70%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411564328 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.