Plan Ledger DOL Form 5500 · updated monthly

Bsi Engineering, LLC401(k)

BSI 401(K) RETIREMENT PLAN · CINCINNATI, OH · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Bsi Engineering, LLC reported $84,845 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $3,726 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 fell from 0.33% to 0.31%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 998th-largest of 3,295 plans among Ohio employers on file, and the 4,255th of 11,654 in professional & technical services. In 2024, employees put in $3.23 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$29,279,731
Participants with balances257
Active participants218
Employer contributions$812,352
Employee contributions$2,623,177
Employer contribution per active participant$3,726
Average account balance$113,929
Benefits paid to participants$3,416,471
Plan auditUnmodified (clean) audit opinion
AuditorKSM CPAS & ADVISORS
Plan history3
Yearassets · accounts · employer contribution
2024$29.3M · 257 accts · $812K emplr
2023$25.9M · 253 accts · $790K emplr
2022$21.0M · 258 accts · $863K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,937
Investment management$41,908
Total administrative$84,845
The Bsi Engineering, LLC 401(k) match · 2024
Employer contribution per active participant$3,726
Median for plans this size$2,416
2024$3,726 per active participant
2023$3,421 per active participant
2022$3,702 per active participant

Bsi Engineering, LLC'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
NEWPORT GROUP, INC. · Loan processing · Recordkeeping$42,937
CAMBRIDGE INVESTMENT RESEARCH. · Investment advisory (plan)$41,908

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$84,845 · 0.31%
2023$78,972 · 0.34%
2022$71,725 · 0.33%
Same employer
Similar plansProfessional & Technical Services · Ohio
Marcus Thomas, LLC OH$30.3M · 0.06%
Unwin Company OH$30.0M · 0.01%
The Sheakley Group, Inc. OH$29.1M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208492458 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.