Plan Ledger DOL Form 5500 · updated monthly

Great Lakes Forest Products, Inc.401(k)

GREAT LAKES FOREST PRODUCTS, INC. 401(K) PLAN · ELKHART, IN · plan year 2023

Reported admin expense ratio · 2023
0.40%

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

Great Lakes Forest Products, Inc. reported $21,720 in plan administrative expenses for 2023: 0.40% of average plan assets, below the peer median. Employer contributions averaged $0 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 0.56% to 0.29%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Indiana (1,109th of 1,562), and 3,516th of 4,246 in wholesale trade. In 2023, employees put in $5198.57 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,917,970
Participants with balances117
Active participants205
Employer contributions$93
Employee contributions$483,467
Employer contribution per active participant$0
Average account balance$50,581
Benefits paid to participants$373,059
Plan auditUnmodified (clean) audit opinion
AuditorKRUGGEL, LAWTON & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$5.0M · 174 accts · $613K emplr
2023$5.9M · 117 accts · $93 emplr
2022$4.9M · 131 accts · $259K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$5,095
Total administrative$21,720
The Great Lakes Forest Products, Inc. 401(k) match · 2023
Employer contribution per active participant$0
Median for plans this size$1,308
2024$2,128 per active participant
2023$0 per active participant
2022$1,295 per active participant

Great Lakes Forest Products, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
1ST SOURCE BANK · Recordkeeping · Consulting$16,275

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$15,996 · 0.29%
2023$21,720 · 0.40%
2022$28,485 · 0.56%
Same employer
Similar plansWholesale Trade · Indiana
J.O. Mory, Inc. IN$7.7M · 0.92%
Robert Dietrick Co., Inc. IN$6.5M · 0.48%
Metalx, LLC IN$5.4M · 0.61%
Evapar, Inc. IN$5.2M · 0.50%
Novelty, Inc. IN$5.0M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 352076958 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.