Plan Ledger DOL Form 5500 · updated monthly

Erdman Company401(k)

ERDMAN COMPANY EMPLOYEES PROFIT SHARING/401(K) PLAN · MADISON, WI · plan year 2023

Reported admin expense ratio · 2023
0.25%

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

Erdman Company reported $58,993 in plan administrative expenses for 2023: 0.25% of average plan assets, below the peer median. Employer contributions averaged $2,236 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 0.26%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other construction employers. By assets it is the 745th-largest of 1,936 plans among Wisconsin employers on file, and the 1,761st of 5,337 in construction. In 2023, employees put in $5.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$24,546,683
Participants with balances150
Active participants87
Employer contributions$194,520
Employee contributions$972,681
Employer contribution per active participant$2,236
Average account balance$163,645
Benefits paid to participants$3,110,171
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.7M · 133 accts · $205K emplr
2023$24.5M · 150 accts · $195K emplr
2022$23.0M · 149 accts · $185K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$8,746
Investment management$50,247
Total administrative$58,993
The Erdman Company 401(k) match · 2023
Employer contribution per active participant$2,236
Median for plans this size$2,440
2024$3,866 per active participant
2023$2,236 per active participant
2022$2,226 per active participant

Erdman Company's 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
SCHWAB RETIREMENT PLAN SERVICES INC · Recordkeeping · Investment advisory (participants)$58,993

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

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

Administrative cost history3
2024$62,415 · 0.26%
2023$58,993 · 0.25%
2022$65,413 · 0.24%
Similar plansConstruction · Wisconsin
Novum Holdings LLC WI$26.8M · 0.07%
Super Excavator, Inc. WI$26.8M · 0.19%
Northern Clearing Inc. WI$25.7M · 0.00%
Zignego Company, Inc. WI$23.8M · 0.37%
Neuman Pools, Inc. WI$23.3M · 0.11%
Pitlik & Wick, Inc. WI$22.9M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200511364 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.