Plan Ledger DOL Form 5500 · updated monthly

Goebel Fixture Company401(k)

GOEBEL FIXTURE COMPANY 401(K) PLAN · HUTCHINSON, MN · plan year 2023

Reported admin expense ratio · 2023
0.45%

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

Goebel Fixture Company reported $47,785 in plan administrative expenses for 2023: 0.45% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,620 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 0.48% to 0.51%. 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 Minnesota (1,248th of 1,918), and 8,385th of 13,661 in manufacturing. In 2023, employees put in $3.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,947,029
Participants with balances111
Active participants79
Employer contributions$128,005
Employee contributions$434,497
Employer contribution per active participant$1,620
Average account balance$98,622
Benefits paid to participants$1,324,828
Plan auditUnmodified (clean) audit opinion
AuditorWESBERG EISCHENS, PLLP
Plan history3
Yearassets · accounts · employer contribution
2024$10.1M · 86 accts · $132K emplr
2023$10.9M · 111 accts · $128K emplr
2022$10.1M · 108 accts · $120K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$23,504
Investment management$20,333
Total administrative$47,785
The Goebel Fixture Company 401(k) match · 2023
Employer contribution per active participant$1,620
Median for plans this size$2,440
2024$1,811 per active participant
2023$1,620 per active participant
2022$1,578 per active participant

Goebel Fixture 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 · 20232
JOHN HANCOCK USA · Recordkeeping$976
MMA SECURITIES LLC · Investment advisory (participants)$20,333

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$53,343 · 0.51%
2023$47,785 · 0.45%
2022$52,857 · 0.48%
Similar plansManufacturing · Minnesota
Halcon Furniture LLC MN$11.4M · 0.08%
Sabrosura Foods, LLC MN$10.9M · 0.69%
QA1 Precision Products Inc MN$10.9M · 0.35%
Brown & Bigelow Inc. MN$10.9M · 0.34%
Waterfront Brands MN$10.8M · 0.37%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 410908456 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.