Plan Ledger DOL Form 5500 · updated monthly

Bonfiglioli USA401(k)

BONFIGLIOLI USA RETIREMENT PLAN · HEBRON, KY · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Bonfiglioli USA reported $59,711 in plan administrative expenses for 2024: 0.53% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,300 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 0.31% to 0.53%. 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 the 426th-largest of 871 plans among Kentucky employers on file, and 8,068th of 13,661 in manufacturing. In 2024, employees put in $1.96 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,871,267
Participants with balances171
Active participants153
Employer contributions$504,917
Employee contributions$988,148
Employer contribution per active participant$3,300
Average account balance$69,423
Benefits paid to participants$1,829,113
Plan auditUnmodified (clean) audit opinion
AuditorROD LANGORD DE KOCK-VL, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$11.9M · 171 accts · $505K emplr
2023$10.6M · 203 accts · $488K emplr
2022$8.5M · 216 accts · $388K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,862
Investment management$20,849
Total administrative$59,711
The Bonfiglioli USA 401(k) match · 2024
Employer contribution per active participant$3,300
Median for plans this size$2,416
2024$3,300 per active participant
2023$3,050 per active participant
2022$2,568 per active participant

Bonfiglioli USA's 2024 employer contribution ran above 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
PNC BANK NA · Investment advisory (plan)$20,849

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$59,711 · 0.53%
2023$30,614 · 0.32%
2022$28,093 · 0.31%
Same employer
Similar plansManufacturing · Kentucky
Zeochem, LLC KY$12.1M · 0.40%
Tarter Companies KY$12.0M · 0.08%
Tarter Management KY$11.4M · 0.35%
Fabricated Metals, LLC KY$11.4M · 0.58%
Phoenix Paper Wickliffe LLC KY$11.2M · 0.28%
Gpi, Incorporated KY$11.1M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 980345059 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.