Plan Ledger DOL Form 5500 · updated monthly

Cleveland Bakers and Affiliated Union 401(K) Plan401(k)

CLEVELAND BAKERS AND AFFILIATED UNIONS 401(K) PLAN · VALLEY VIEW, OH · plan year 2024

Reported admin expense ratio · 2024
3.07%

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

Cleveland Bakers and Affiliated Union 401(K) Plan reported $298,579 in plan administrative expenses for 2024: 3.07% of average plan assets, higher than ~90% of peers. Employer contributions averaged $285 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 2.82% to 3.07%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Ohio (1,913th of 3,295), and 8,407th of 13,661 in manufacturing. In 2024, employees put in $1.22 for every $1.00 the employer contributed; active participation has grown from 1,216 to 3,301 since 2022.

Plan summary
Net assets, end of year$10,893,817
Participants with balances3,250
Active participants3,301
Employer contributions$940,277
Employee contributions$1,145,359
Employer contribution per active participant$285
Average account balance$3,352
Benefits paid to participants$602,543
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.9M · 3,250 accts · $940K emplr
2023$8.6M · 2,699 accts · $598K emplr
2022$6.6M · 1,801 accts · $521K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,000
Investment management$75,124
Audit (IQPA)$20,000
Total administrative$298,579
The Cleveland Bakers and Affiliated Union 401(K) Plan 401(k) match · 2024
Employer contribution per active participant$285
Median for plans this size$1,313
2024$285 per active participant
2023$326 per active participant
2022$429 per active participant

Cleveland Bakers and Affiliated Union 401(K) Plan's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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 · 20245
JOHN HANCOCK RETIREMENT PLAN SVCS · Recordkeeping · Investment advisory (participants)$154,375
CADARET, GRANT & COMPANY · Investment advisory (plan)$75,124
MOGILA LAW GROUP LLC · Legal$30,000
CITRIN COOPERMAN & COMPANY, LLP · Accounting / audit$20,000
WB ADVISORS · Contract administrator$12,000

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$298,579 · 3.07%
2023$244,233 · 3.23%
2022$190,710 · 2.82%
Similar plansManufacturing · Ohio
Julius Zorn, Inc. OH$11.0M · 0.18%
Insource Technologies, Inc. OH$11.0M · 0.59%
Millat Industries OH$11.0M · 0.43%
Kern-Liebers USA Inc. OH$10.9M · 0.03%
Intigral, Inc. OH$10.9M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 340082405 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.