Plan Ledger DOL Form 5500 · updated monthly

Borsheim Jewelry Company, Inc.401(k)

BORSHEIM JEWELRY COMPANY 401(K) SAVINGS PLAN · OMAHA, NE · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Borsheim Jewelry Company, Inc. reported $37,491 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $2,697 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 0.10% to 0.19%. 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 239th-largest of 565 plans among Nebraska employers on file, and the 1,407th of 5,215 in retail trade. In 2024, employees put in $1.92 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,872,787
Participants with balances200
Active participants186
Employer contributions$501,680
Employee contributions$964,172
Employer contribution per active participant$2,697
Average account balance$104,364
Benefits paid to participants$1,282,808
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.9M · 200 accts · $502K emplr
2023$18.2M · 211 accts · $470K emplr
2022$17.0M · 201 accts · $457K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,006
Investment management$14,697
Audit (IQPA)$13,788
Total administrative$37,491
The Borsheim Jewelry Company, Inc. 401(k) match · 2024
Employer contribution per active participant$2,697
Median for plans this size$2,416
2024$2,697 per active participant
2023$2,408 per active participant
2022$2,495 per active participant

Borsheim Jewelry Company, Inc.'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 · 20244
UNITED OF OMAHA · Loan processing · Recordkeeping$1,880
LUTZ CO · Accounting / audit$13,788
MUTUAL OF OMAHA INVESTOR SERVICES, · Investment advisory (plan)$13,090
ASCENSUS LLC · Loan processing$7,126

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

Recordkeeper by year2
2024Mutual of Omaha
2023Mutual of Omaha

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

Administrative cost history3
2024$37,491 · 0.19%
2023$21,812 · 0.12%
2022$20,542 · 0.10%
Same employer
Similar plansRetail Trade · Nebraska
Sapp Bros., Inc. NE$30.5M · 0.47%
Eakes, Inc. NE$25.2M · 0.33%
Millard Lumber Inc. NE$21.3M · 0.47%
H&H Automotive LLC NE$21.1M · 0.38%
Omaha Track, Inc. NE$17.7M · 0.50%
Builders Warehouse, Inc. NE$17.2M · 0.33%
Exchange Company NE$16.9M · 0.52%
Nebraskaland Tire, Inc. NE$16.1M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 470546003 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.