Plan Ledger DOL Form 5500 · updated monthly

Claas of America Inc.401(k)

CLAAS EMPLOYEES' SAVINGS PLAN · OMAHA, NE · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Claas of America Inc. reported $90,391 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $4,268 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 0.34% to 0.19%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 119th-largest of 565 plans among Nebraska employers on file, and the 3,026th of 13,661 in manufacturing. In 2024, employees put in $1.84 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$52,905,852
Participants with balances425
Active participants365
Employer contributions$1,557,921
Employee contributions$2,862,311
Employer contribution per active participant$4,268
Average account balance$124,484
Benefits paid to participants$1,989,076
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$52.9M · 425 accts · $1.6M emplr
2023$44.5M · 398 accts · $1.4M emplr
2022$40.4M · 361 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,411
Investment management$73,980
Total administrative$90,391
The Claas of America Inc. 401(k) match · 2024
Employer contribution per active participant$4,268
Median for plans this size$2,416
2024$4,268 per active participant
2023$4,122 per active participant
2022$3,823 per active participant

Claas of America 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 · 20243
USI ADVISORS INC · Investment advisory (plan)$61,792
EMPOWER ADVISORY GROUP, LLC · Investment management$12,188

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$90,391 · 0.19%
2023$66,435 · 0.16%
2022$146,071 · 0.34%
Similar plansManufacturing · Nebraska
Streck LLC NE$71.4M · 0.22%
Drake-Williams Steel, Inc. NE$66.4M · 0.00%
Hexagon USA Holdings, Inc. NE$63.8M · 0.12%
Hughes Brothers, Inc. NE$48.4M · 0.08%
Timpte Industries Inc NE$47.8M · 0.18%
Landmark Implement, Inc. NE$45.0M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382287245 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.