Plan Ledger DOL Form 5500 · updated monthly

Burnett Dairy Co-Op401(k)

BURNETT DAIRY CO-OP 401(K) PLAN · GRANTSBURG, WI · plan year 2024

Reported admin expense ratio · 2024
0.63%

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

Burnett Dairy Co-Op reported $61,555 in plan administrative expenses for 2024: 0.63% of average plan assets, above the peer median. Employer contributions averaged $2,598 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 0.41% to 0.63%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Wisconsin (1,273rd of 1,936), and 8,771st of 13,661 in manufacturing. In 2024, employees put in $1.41 for every $1.00 the employer contributed; active participation has grown from 208 to 279 since 2022.

Plan summary
Net assets, end of year$10,003,753
Participants with balances314
Active participants279
Employer contributions$724,718
Employee contributions$1,022,398
Employer contribution per active participant$2,598
Average account balance$31,859
Benefits paid to participants$2,443,119
Plan auditUnmodified (clean) audit opinion
AuditorCARLSON SV
Plan history3
Yearassets · accounts · employer contribution
2024$10.0M · 314 accts · $725K emplr
2023$9.6M · 272 accts · $478K emplr
2022$8.0M · 209 accts · $416K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,438
Total administrative$61,555
The Burnett Dairy Co-Op 401(k) match · 2024
Employer contribution per active participant$2,598
Median for plans this size$1,313
2024$2,598 per active participant
2023$2,000 per active participant
2022$2,001 per active participant

Burnett Dairy Co-Op's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20242
ALERUS FINANCIAL NA · Recordkeeping$29,438
CARLSON CAPITAL MANAGEMENT LLC · Investment advisory (plan)$32,117

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

Recordkeeper by year2
2024Alerus
2023Alerus

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

Administrative cost history3
2024$61,555 · 0.63%
2023$44,799 · 0.51%
2022$34,766 · 0.41%
Same employer
Similar plansManufacturing · Wisconsin
Ellicott Dredges, LLC WI$10.2M · 0.67%
Hader Industries, Inc WI$10.2M · 0.01%
Nog, Inc. WI$10.2M · 0.33%
Prestwick Group, Inc. WI$9.9M · 0.65%
Nabco Entrances, Inc. WI$9.9M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391085908 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.