Plan Ledger DOL Form 5500 · updated monthly

Good Earth Tools, Inc.Profit-sharing plan

GOOD EARTH TOOLS, INC. PROFIT SHARING PLAN · FESTUS, MO · plan year 2024

Reported admin expense ratio · 2024
0.81%

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

Good Earth Tools, Inc. reported $109,275 in plan administrative expenses for 2024: 0.81% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,602 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 0.49% to 0.81%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Missouri (718th of 1,393), and 7,255th of 13,661 in manufacturing. active participation has grown from 157 to 199 since 2022.

Plan summary
Net assets, end of year$14,424,743
Participants with balances171
Active participants199
Employer contributions$915,782
Employee contributions$0
Employer contribution per active participant$4,602
Average account balance$84,355
Benefits paid to participants$604,173
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.4M · 171 accts · $916K emplr
2023$12.7M · 159 accts · $777K emplr
2022$10.9M · 170 accts · $723K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$49,275
Audit (IQPA)$10,000
Total administrative$109,275
Employer contributions to the Good Earth Tools, Inc. plan · 2024
Employer contribution per active participant$4,602
Median for plans this size$2,416
2024$4,602 per active participant
2023$4,795 per active participant
2022$4,607 per active participant

Good Earth Tools, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$49,275
ANDERS MINKLER HUBER & HELM LLP · Accounting / audit$10,000

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

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

Administrative cost history3
2024$109,275 · 0.81%
2023$46,100 · 0.39%
2022$58,461 · 0.49%
Same employer
Similar plansManufacturing · Missouri
Husky Corporation MO$14.7M · 0.32%
Triumph Foods, LLC MO$14.6M · 0.61%
Production Castings, Inc. MO$14.5M · 0.52%
Steelville Manufacturing Co MO$13.9M · 0.43%
Handi-Craft Company MO$13.8M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 430837927 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.