Plan Ledger DOL Form 5500 · updated monthly

Cherry Optical, Inc.401(k)

CHERRY OPTICAL INC 401(K) PROFIT SHARING PLAN & TRUST · GREEN BAY, WI · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Cherry Optical, Inc. reported $9,534 in plan administrative expenses for 2024: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,694 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 0.10% to 0.07%. 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 Wisconsin (1,015th of 1,936), and 6,397th of 11,654 in professional & technical services. In 2024, the employer put in $1.27 for every $1.00 employees contributed themselves; active participation has grown from 207 to 253 since 2022.

Plan summary
Net assets, end of year$15,771,641
Participants with balances287
Active participants253
Employer contributions$1,187,642
Employee contributions$935,692
Employer contribution per active participant$4,694
Average account balance$54,953
Benefits paid to participants$236,052
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.8M · 287 accts · $1.2M emplr
2023$12.3M · 252 accts · $1.2M emplr
2022$8.5M · 239 accts · $619K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,534
Total administrative$9,534
The Cherry Optical, Inc. 401(k) match · 2024
Employer contribution per active participant$4,694
Median for plans this size$2,416
2024$4,694 per active participant
2023$5,380 per active participant
2022$2,992 per active participant

Cherry Optical, 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
WIPFLI, LLP · Recordkeeping · Loan processing$9,717

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

Recordkeeper by year2
2024WIPFLI, LLP
2023WIPFLI, LLP

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

Administrative cost history3
2024$9,534 · 0.07%
2023$9,956 · 0.10%
2022$8,449 · 0.10%
Same employer
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Gruber Law Offices, LLC WI$15.8M · 0.28%
Education Analytics WI$15.6M · 0.47%
Workforce Solutions, LLC WI$15.5M · 0.68%
Acolad, Inc. WI$15.2M · 0.39%
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Source: U.S. Department of Labor, Form 5500 series, EIN 391951550 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.