Plan Ledger DOL Form 5500 · updated monthly

Budney Overhaul & Repair, LTD401(k)

BUDNEY OVERHAUL & REPAIR, LTD EMPLOYEE RETIREMENT PLAN · BERLIN, CT · plan year 2025

Reported admin expense ratio · 2025
0.47%

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

Budney Overhaul & Repair, LTD reported $36,915 in plan administrative expenses for 2025: 0.47% of average plan assets, below the peer median. Employer contributions averaged $1,249 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 4 years on file its reported administrative ratio has held roughly steady near 0.469%. The plan sits in the $1M–$10M size bracket, benchmarked here against 809 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Connecticut (800th of 1,106), and 9,441st of 13,661 in manufacturing. In 2025, employees put in $3.13 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,513,903
Participants with balances106
Active participants142
Employer contributions$177,423
Employee contributions$555,377
Employer contribution per active participant$1,249
Average account balance$80,320
Benefits paid to participants$500,550
Plan auditUnmodified (clean) audit opinion
AuditorSOLAKIAN & COMPANY
Plan history4
Yearassets · accounts · employer contribution
2025$8.5M · 106 accts · $177K emplr
2024$7.2M · 102 accts · $174K emplr
2023$6.4M · 93 accts · $171K emplr
2022$5.8M · 94 accts · $162K emplr
The Budney Overhaul & Repair, LTD 401(k) match · 2025
Employer contribution per active participant$1,249
Median for plans this size$1,464
2025$1,249 per active participant
2024$1,202 per active participant
2023$1,239 per active participant
2022$1,218 per active participant

Budney Overhaul & Repair, LTD's 2025 employer contribution ran below the $1,464 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20254
ENVESTNET RETIREMENT SOLUTIONS, LLC$1,516
PENSION CONSULTANTS INC · Contract administrator$832
MASSACHUSETTS MUTUAL LIFEindirect comp

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

Administrative cost history4
2025$36,915 · 0.47%
2024$30,862 · 0.45%
2023$30,494 · 0.50%
2022$28,719 · 0.47%
Same employer
Similar plansManufacturing · Connecticut
L.C. Doane Company CT$9.1M · 0.45%
Microbest, Inc. CT$9.1M · 0.31%
Polamer Precision Inc CT$8.9M · 0.49%
Buitoni Food Company CT$8.6M · 1.05%
Ghp Media, Inc. CT$7.6M · 0.05%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 061285065 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.