What are the fees in the Bp Aerospace 401(k) plan?

For plan year 2022, Bp Aerospace reported $30,158 in plan administrative expenses, or 2.28% of average plan assets — higher than ~90% of peers. Fund-level expense ratios are not included in public filings.

What is the Bp Aerospace 401(k) match?

In 2022, employer contributions to the Bp Aerospace plan averaged $585 per active participant, below the $1,114 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Bp Aerospace 401(k)?

The average participant account balance was $18,808 for plan year 2022, based on 65 accounts.

Bp Aerospace401(k)

Name: Bp Aerospace 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

BP AEROSPACE 401(K) PROFIT SHARING PLAN · IRVING, TX · plan year 2022

Reported admin expense ratio · 2022

2.28%

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

Bp Aerospace reported $30,158 in plan administrative expenses for 2022: 2.28% of average plan assets, higher than ~90% of peers. Employer contributions averaged $585 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Texas (5,197th of 5,688), and 13,188th of 13,661 in manufacturing. In 2022, employees put in $3.09 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,222,490
Participants with balances65
Active participants165
Employer contributions$96,482
Employee contributions$298,019
Employer contribution per active participant$585
Average account balance$18,808
Benefits paid to participants$289,929
Plan auditUnmodified (clean) audit opinion
AuditorSUTTON FROST CARY LLP

Administrative expenses, itemized · 2022

Recordkeeping & contract admin$14,648

Investment management$15,510

Total administrative$30,158

The Bp Aerospace 401(k) match · 2022

Employer contribution per active participant$585

Median for plans this size$1,114

Bp Aerospace's 2022 employer contribution ran below the $1,114 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

Your balance

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 history1

2022$30,158 · 2.28%

Same employer

Bp Aerospace's health & benefits plan: carriers, premiums & broker pay

Similar plansManufacturing · Texas
Forma Automotive, LLC TX$1.3M · 2.71%
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Elite Manufacturing Company TX$1.3M · 0.16%
Syracuse Food Group, LLC TX$1.2M · 0.71%
Lamar Trailers Inc. TX$1.2M · 0.75%
Preferred Beef Group, LP TX$1.2M · 0.86%
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Source: U.S. Department of Labor, Form 5500 series, EIN 263689469 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.