Plan Ledger DOL Form 5500 · updated monthly

Collaborative Industries, Inc.401(k)

COLLABORATIVE INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN · LINCOLN, NE · plan year 2024

Reported admin expense ratio · 2024
1.64%

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

Collaborative Industries, Inc. reported $90,525 in plan administrative expenses for 2024: 1.64% of average plan assets, higher than ~90% of peers. Employer contributions averaged $595 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 2.39% to 1.64%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Nebraska (450th of 565), and 1,343rd of 2,534 in administrative & support services. In 2024, employees put in $2.59 for every $1.00 the employer contributed; active participation has grown from 208 to 265 since 2022.

Plan summary
Net assets, end of year$5,924,636
Participants with balances380
Active participants265
Employer contributions$157,624
Employee contributions$408,373
Employer contribution per active participant$595
Average account balance$15,591
Benefits paid to participants$355,066
Plan auditUnmodified (clean) audit opinion
AuditorBLAND & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$5.9M · 380 accts · $158K emplr
2023$5.1M · 328 accts · $99K emplr
2022$4.6M · 324 accts · $153K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$62,839
Investment management$27,686
Total administrative$90,525
The Collaborative Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$595
Median for plans this size$1,313
2024$595 per active participant
2023$493 per active participant
2022$738 per active participant

Collaborative Industries, Inc.'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 · 20242
JOHN HANCOCK USA · Recordkeeping · Investment management$3,474
HIGHTOWER ADVISORS, LLC · Investment advisory (participants)$27,686

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$90,525 · 1.64%
2023$71,948 · 1.48%
2022$120,170 · 2.39%
Similar plansAdministrative & Support Services · Nebraska
Onestaff Medical, LLC NE$11.7M · 1.58%
E & F Management, LLC NE$8.4M · 0.98%
Mulhalls Nursery, Inc. NE$7.2M · 0.26%
Ventura Medstaff LLC NE$3.3M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 205709688 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.