Plan Ledger DOL Form 5500 · updated monthly

Bushel Inc.401(k)

BUSHEL INC. 401(K) PLAN · FARGO, ND · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Bushel Inc. reported $48,637 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $5,461 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 0.56% to 0.44%. 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 among the smaller plans on file in North Dakota (158th of 279), and 7,250th of 11,654 in professional & technical services. In 2024, employees put in $1.95 for every $1.00 the employer contributed; active participation has shrunk from 188 to 120 since 2022.

Plan summary
Net assets, end of year$12,451,947
Participants with balances197
Active participants120
Employer contributions$655,280
Employee contributions$1,278,585
Employer contribution per active participant$5,461
Average account balance$63,208
Benefits paid to participants$1,192,224
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.5M · 197 accts · $655K emplr
2023$9.9M · 214 accts · $735K emplr
2022$6.2M · 239 accts · $774K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,637
Total administrative$48,637
The Bushel Inc. 401(k) match · 2024
Employer contribution per active participant$5,461
Median for plans this size$2,416
2024$5,461 per active participant
2023$5,104 per active participant
2022$4,118 per active participant

Bushel Inc.'s 2024 employer contribution ran above the $2,416 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 · 20241
BELL BANK · Recordkeeping · Investment management$48,636

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

Recordkeeper by year2
2024BELL BANK
2023Alerus, BELL BANK

This plan has changed recordkeepers within these filings. If you left Bushel Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$48,637 · 0.44%
2023$37,741 · 0.47%
2022$32,623 · 0.56%
Same employer
Similar plansProfessional & Technical Services · North Dakota
Applied Engineering, Inc. ND$22.4M · 0.31%
Eapc Architects Engineers ND$21.5M · 0.31%
Flint Holdings, Inc. ND$14.8M · 0.48%
Dakota Technologies, Inc. ND$5.7M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 843607278 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.