Plan Ledger DOL Form 5500 · updated monthly

Bourn & Koch Inc.401(k)

BOURN & KOCH INC. 401(K) PROFIT SHARING PLAN · ROCKFORD, IL · plan year 2022

Reported admin expense ratio · 2022
0.27%

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

Bourn & Koch Inc. reported $35,612 in plan administrative expenses for 2022: 0.27% of average plan assets, above the peer median. Employer contributions averaged $4,166 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 has held roughly steady near 0.269%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Illinois (2,186th of 3,702), and 7,912th of 13,661 in manufacturing. In 2022, employees put in $1.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,367,449
Participants with balances182
Active participants157
Employer contributions$654,130
Employee contributions$742,714
Employer contribution per active participant$4,166
Average account balance$67,953
Benefits paid to participants$862,787
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history2
Yearassets · accounts · employer contribution
2023$11.8M · 127 accts · $292K emplr
2022$12.4M · 182 accts · $654K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$35,612
Total administrative$35,612
The Bourn & Koch Inc. 401(k) match · 2022
Employer contribution per active participant$4,166
Median for plans this size$2,266
2023$3,887 per active participant
2022$4,166 per active participant

Bourn & Koch Inc.'s 2022 employer contribution ran above the $2,266 median for plans its size, placing it in the top 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$32,596 · 0.27%
2022$35,612 · 0.27%
Similar plansManufacturing · Illinois
Johnson & Quin, Inc. IL$12.4M · 0.50%
Berner Food & Beverage, LLC IL$12.3M · 0.83%
Manitex International Inc. IL$12.2M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362827595 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.