Plan Ledger DOL Form 5500 · updated monthly

Central Boiler Companies, Inc.401(k)

CENTRAL BOILER COMPANIES, INC. 401(K) PROFIT SHARING PLAN AND TRUST · GREENBUSH, MN · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Central Boiler Companies, Inc. reported $62,330 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $1,735 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 0.24% to 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 829th-largest of 1,918 plans among Minnesota employers on file, and the 946th of 3,341 in other services. In 2024, employees put in $3.17 for every $1.00 the employer contributed; active participation has shrunk from 259 to 217 since 2022.

Plan summary
Net assets, end of year$22,863,294
Participants with balances250
Active participants217
Employer contributions$376,408
Employee contributions$1,192,346
Employer contribution per active participant$1,735
Average account balance$91,453
Benefits paid to participants$2,910,915
Plan auditUnmodified (clean) audit opinion
AuditorBARTON, WALTER & KRIER, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$22.9M · 250 accts · $376K emplr
2023$21.3M · 307 accts · $494K emplr
2022$19.2M · 293 accts · $302K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,536
Investment management$53,794
Total administrative$62,330
The Central Boiler Companies, Inc. 401(k) match · 2024
Employer contribution per active participant$1,735
Median for plans this size$2,416
2024$1,735 per active participant
2023$1,891 per active participant
2022$1,167 per active participant

Central Boiler Companies, Inc.'s 2024 employer contribution ran below 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 · 20241
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$62,330

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$62,330 · 0.28%
2023$54,216 · 0.27%
2022$52,129 · 0.24%
Similar plansOther Services · Minnesota
Juut Holdings, Inc. MN$25.3M · 0.42%
Vertin Company MN$24.1M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202266936 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.