Plan Ledger DOL Form 5500 · updated monthly

Bruening Rock Products, Inc.401(k)

BRUENING ROCK PRODUCTS, INC. 401(K) PROFIT SHARING PLAN · DECORAH, IA · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Bruening Rock Products, Inc. reported $75,088 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $802 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 0.03% to 0.42%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is the 413th-largest of 878 plans among Iowa employers on file, and 315th of 612 in mining, oil & gas extraction. In 2024, employees put in $4.81 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,004,549
Participants with balances347
Active participants380
Employer contributions$304,875
Employee contributions$1,466,723
Employer contribution per active participant$802
Average account balance$54,768
Benefits paid to participants$1,616,248
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.0M · 347 accts · $305K emplr
2023$17.0M · 322 accts · $311K emplr
2022$13.7M · 326 accts · $287K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$75,088
Total administrative$75,088
The Bruening Rock Products, Inc. 401(k) match · 2024
Employer contribution per active participant$802
Median for plans this size$2,416
2024$802 per active participant
2023$765 per active participant
2022$705 per active participant

Bruening Rock Products, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
MINNESOTA LIFE INSURANCE COMPANY · Contract administrator · Plan administrator$66,667
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$8,421
CETERA FINANCIAL GROUP · Insurance broker · Insurance servicesindirect comp
CETERA ADVISOR NETWORKS LLC · Insurance broker · Insurance servicesindirect comp

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

Recordkeeper by year2
2024Securian, Transamerica
2023Securian

This plan has changed recordkeepers within these filings. If you left Bruening Rock Products, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$75,088 · 0.42%
2023$9,100 · 0.06%
2022$3,731 · 0.03%
Same employer
Similar plansMining, Oil & Gas Extraction · Iowa
Riverstone Group Inc. IA$60.8M · 0.00%
Bmc Aggregates L.C. IA$11.0M · 0.05%
Calcium Products Inc. IA$6.8M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420632195 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.