Plan Ledger DOL Form 5500 · updated monthly

Frank Lumber Co., Inc.401(k)

FRANK LUMBER CO., INC. RETIREMENT AND SAVINGS PLAN · MILL CITY, OR · plan year 2023

Reported admin expense ratio · 2023
0.40%

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

Frank Lumber Co., Inc. reported $43,483 in plan administrative expenses for 2023: 0.40% of average plan assets, above the peer median. Employer contributions averaged $3,952 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 0.95% to 0.54%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Oregon (517th of 1,021), and 8,302nd of 13,661 in manufacturing. In 2023, the employer put in $2.17 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$11,186,313
Participants with balances158
Active participants134
Employer contributions$529,596
Employee contributions$243,660
Employer contribution per active participant$3,952
Average account balance$70,799
Benefits paid to participants$1,062,459
Plan auditUnmodified (clean) audit opinion
AuditorKERNUTT STOKES
Plan history3
Yearassets · accounts · employer contribution
2024$10.5M · 156 accts · $569K emplr
2023$11.2M · 158 accts · $530K emplr
2022$10.7M · 155 accts · $540K emplr
Administrative expenses, itemized · 2023
Investment management$19,583
Audit (IQPA)$23,900
Total administrative$43,483
The Frank Lumber Co., Inc. 401(k) match · 2023
Employer contribution per active participant$3,952
Median for plans this size$2,440
2024$4,037 per active participant
2023$3,952 per active participant
2022$3,671 per active participant

Frank Lumber Co., Inc.'s 2023 employer contribution ran above 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 · 20232
KATTER & PATTEN LLP · Accounting / audit$23,900
MORGAN STANLEY SMITH BARNEY LLC · Custodial (securities)$19,583

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$58,479 · 0.54%
2023$43,483 · 0.40%
2022$99,839 · 0.95%
Same employer
Similar plansManufacturing · Oregon
Forrest Paint Co. OR$12.1M · 0.46%
Davis Tool, Inc. OR$12.1M · 0.01%
Signature Graphics, Inc. OR$11.7M · 0.00%
Dci International, LLC OR$11.4M · 0.65%
Asc OR$11.0M · 0.03%
Cascade Wood Products Inc. OR$10.9M · 0.23%
Ess Tech, Inc OR$10.9M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 205610768 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.