Plan Ledger DOL Form 5500 · updated monthly

Busken Bakery, Inc.401(k)

BUSKEN BAKERY EMPLOYEES 401(K) PROFIT SHARING PLAN · CINCINNATI, OH · plan year 2022

Reported admin expense ratio · 2022
0.85%

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

Busken Bakery, Inc. reported $30,394 in plan administrative expenses for 2022: 0.85% of average plan assets, higher than ~75% of peers. Employer contributions averaged $702 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 0.85% to 0.95%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Ohio (2,892nd of 3,295), and 12,375th of 13,661 in manufacturing. In 2022, employees put in $1.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,839,385
Participants with balances193
Active participants88
Employer contributions$61,819
Employee contributions$85,770
Employer contribution per active participant$702
Average account balance$14,712
Benefits paid to participants$945,848
Plan auditUnmodified (clean) audit opinion
AuditorSCROGGINSGREAR
Plan history3
Yearassets · accounts · employer contribution
2024$2.4M · 108 accts · $68K emplr
2023$2.8M · 105 accts · $69K emplr
2022$2.8M · 193 accts · $62K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$30,394
Total administrative$30,394
The Busken Bakery, Inc. 401(k) match · 2022
Employer contribution per active participant$702
Median for plans this size$1,114
2024$906 per active participant
2023$862 per active participant
2022$702 per active participant

Busken Bakery, Inc.'s 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Recordkeeper by year2
2024ADP, KESTRA ADVISORY SERVICES
2023ADP

This plan has changed recordkeepers within these filings. If you left Busken Bakery, 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$24,706 · 0.95%
2023$26,058 · 0.93%
2022$30,394 · 0.85%
Similar plansManufacturing · Ohio
Greenfield Research, Inc. OH$2.9M · 0.59%
G&W Products, LLC OH$2.7M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 310619017 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.