Plan Ledger DOL Form 5500 · updated monthly

Budget Dumpster401(k)

BUDGET DUMPSTER 401(K) PLAN · WESTLAKE, OH · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

Budget Dumpster reported $65,403 in plan administrative expenses for 2024: 0.58% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,425 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 0.31% to 0.58%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Ohio (1,784th of 3,295), and the 969th of 2,096 in real estate & leasing. In 2024, employees put in $1.94 for every $1.00 the employer contributed; active participation has shrunk from 325 to 287 since 2022.

Plan summary
Net assets, end of year$12,426,494
Participants with balances248
Active participants287
Employer contributions$695,850
Employee contributions$1,348,950
Employer contribution per active participant$2,425
Average account balance$50,107
Benefits paid to participants$963,659
Plan auditUnmodified (clean) audit opinion
AuditorBOBER, MARKEY, FEDOROVICH & CO.
Plan history3
Yearassets · accounts · employer contribution
2024$12.4M · 248 accts · $696K emplr
2023$10.0M · 275 accts · $735K emplr
2022$6.9M · 250 accts · $667K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,203
Audit (IQPA)$13,200
Total administrative$65,403
The Budget Dumpster 401(k) match · 2024
Employer contribution per active participant$2,425
Median for plans this size$2,416
2024$2,425 per active participant
2023$2,176 per active participant
2022$2,053 per active participant

Budget Dumpster'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
TRINITY PENSION CONSULTANTS, INC. · Contract administrator$17,360
BOBER MARKEY FEDOROVICH & COMPANY · Accounting / audit$13,200
ALLIANCEBERNSTEIN LP · Investment advisory (plan)$8,766

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

Administrative cost history3
2024$65,403 · 0.58%
2023$23,602 · 0.28%
2022$20,696 · 0.31%
Same employer
Similar plansReal Estate & Leasing · Ohio
A & a Safety, Inc. OH$12.6M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 270471717 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.