Plan Ledger DOL Form 5500 · updated monthly

Grote Enterprises, LLC401(k)

GROTE ENTERPRISES, LLC RETIREMENT SAVINGS PLAN · CINCINNATI, OH · plan year 2024

Reported admin expense ratio · 2024
0.71%

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

Grote Enterprises, LLC reported $98,928 in plan administrative expenses for 2024: 0.71% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,624 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 0.57% to 0.71%. 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 the 1,588th-largest of 3,295 plans among Ohio employers on file, and 7,041st of 13,661 in manufacturing. In 2024, employees put in $2.74 for every $1.00 the employer contributed; active participation has grown from 192 to 245 since 2022.

Plan summary
Net assets, end of year$15,172,980
Participants with balances293
Active participants245
Employer contributions$397,946
Employee contributions$1,091,518
Employer contribution per active participant$1,624
Average account balance$51,785
Benefits paid to participants$425,168
Plan auditUnmodified (clean) audit opinion
AuditorBARNES DENNIG AND COMPANY LTD
Plan history3
Yearassets · accounts · employer contribution
2024$15.2M · 293 accts · $398K emplr
2023$12.7M · 267 accts · $344K emplr
2022$12.2M · 251 accts · $305K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$85,928
Audit (IQPA)$13,000
Total administrative$98,928
The Grote Enterprises, LLC 401(k) match · 2024
Employer contribution per active participant$1,624
Median for plans this size$2,416
2024$1,624 per active participant
2023$1,623 per active participant
2022$1,590 per active participant

Grote Enterprises, LLC's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Plan administrator · Loan processing$85,928
BARNES DENNIG & CO. · Accounting / audit$13,000

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$98,928 · 0.71%
2023$79,674 · 0.64%
2022$75,447 · 0.57%
Same employer
Similar plansManufacturing · Ohio
Cmc Group, Inc. OH$15.5M · 0.45%
Salvagnini America, Inc. OH$15.2M · 0.02%
Select Arc, Inc. OH$15.1M · 0.62%
Gvs Filtration, Inc. OH$15.1M · 0.20%
Fallsway Equipment Co. Inc. OH$14.9M · 0.23%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 311575000 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.