Plan Ledger DOL Form 5500 · updated monthly

Koetter Woodworking, Inc.401(k)

KOETTER WOODWORKING, INC. 401(K) PLAN · BORDEN, IN · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Koetter Woodworking, Inc. reported $73,688 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $2,413 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 0.33% to 0.27%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 450th-largest of 1,562 plans among Indiana employers on file, and the 1,588th of 5,337 in construction. In 2024, employees put in $2.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$28,448,230
Participants with balances259
Active participants271
Employer contributions$653,817
Employee contributions$1,307,445
Employer contribution per active participant$2,413
Average account balance$109,839
Benefits paid to participants$2,044,997
Plan auditUnmodified (clean) audit opinion
AuditorMONROE SHINE & CO INC
Plan history3
Yearassets · accounts · employer contribution
2024$28.4M · 259 accts · $654K emplr
2023$25.2M · 243 accts · $700K emplr
2022$21.4M · 248 accts · $570K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,517
Investment management$34,171
Total administrative$73,688
The Koetter Woodworking, Inc. 401(k) match · 2024
Employer contribution per active participant$2,413
Median for plans this size$2,416
2024$2,413 per active participant
2023$2,812 per active participant
2022$2,279 per active participant

Koetter Woodworking, Inc.'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
AXIOM FINANCIAL STRATEGIES GROUP · Investment advisory (plan)$34,171

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$73,688 · 0.27%
2023$64,138 · 0.28%
2022$76,440 · 0.33%
Same employer
Similar plansConstruction · Indiana
Adkev, Inc. IN$33.5M · 0.39%
Koetter Construction Inc IN$33.5M · 0.01%
Votaw Electric, Inc. IN$29.3M · 0.00%
Electricom LLC IN$26.5M · 0.29%
Ryan Fireprotection, Inc. IN$24.4M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351420041 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.