Plan Ledger DOL Form 5500 · updated monthly

Bullen Ultrasonics, Inc.401(k)

BULLEN ULTRASONICS, INC. 401(K) PROFIT SHARING PLAN · EATON, OH · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Bullen Ultrasonics, Inc. reported $46,700 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $2,806 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 0.39% to 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Ohio (1,696th of 3,295), and 7,554th of 13,661 in manufacturing. In 2024, employees put in $2.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,503,597
Participants with balances178
Active participants123
Employer contributions$345,131
Employee contributions$753,814
Employer contribution per active participant$2,806
Average account balance$75,863
Benefits paid to participants$1,837,578
Plan auditUnmodified (clean) audit opinion
AuditorBRIXEY & MEYER
Plan history3
Yearassets · accounts · employer contribution
2024$13.5M · 178 accts · $345K emplr
2023$12.3M · 169 accts · $314K emplr
2022$10.7M · 166 accts · $380K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,742
Investment management$34,958
Total administrative$46,700
The Bullen Ultrasonics, Inc. 401(k) match · 2024
Employer contribution per active participant$2,806
Median for plans this size$2,416
2024$2,806 per active participant
2023$2,310 per active participant
2022$2,818 per active participant

Bullen Ultrasonics, Inc.'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
USI ADVISORS INC · Investment advisory (plan)$32,321

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$46,700 · 0.36%
2023$44,155 · 0.38%
2022$45,066 · 0.39%
Same employer
Similar plansManufacturing · Ohio
Chrome Deposit Corporation OH$13.6M · 0.67%
Ferragon Corporation OH$13.5M · 0.32%
Canberra Corporation OH$13.5M · 0.44%
Roki America Co., LTD OH$13.4M · 0.32%
Projects Unlimited Inc. OH$13.4M · 0.01%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 310804159 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.