Plan Ledger DOL Form 5500 · updated monthly

Business Owners Liability Team401(k)

BOLT 401(K) PLAN · AUSTIN, TX · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Business Owners Liability Team reported $1,024 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,682 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 0.60% to 0.01%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Texas (3,081st of 5,688), and 3,994th of 4,798 in finance & insurance. In 2024, employees put in $1.41 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,920,838
Participants with balances197
Active participants166
Employer contributions$777,283
Employee contributions$1,097,593
Employer contribution per active participant$4,682
Average account balance$50,360
Benefits paid to participants$1,196,384
Plan auditUnmodified (clean) audit opinion
AuditorCALHOUN THOMSON AND MATZA LLP
Plan history3
Yearassets · accounts · employer contribution
2024$9.9M · 197 accts · $777K emplr
2023$6.8M · 175 accts · $543K emplr
2022$4.9M · 313 accts · $489K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,024
Total administrative$1,024
The Business Owners Liability Team 401(k) match · 2024
Employer contribution per active participant$4,682
Median for plans this size$1,313
2024$4,682 per active participant
2023$4,115 per active participant
2022$3,155 per active participant

Business Owners Liability Team'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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$1,024

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$1,024 · 0.01%
2023$34,771 · 0.59%
2022$29,199 · 0.60%
Similar plansFinance & Insurance · Texas
Western Bank TX$10.3M · 0.59%
Pilot Point Bancorp, Inc. TX$10.2M · 0.43%
Bestow Inc. TX$10.1M · 0.12%
Nextpoint Financial, Inc. TX$9.9M · 1.10%
Ntfn, Inc. TX$9.5M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 270858517 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.