Plan Ledger DOL Form 5500 · updated monthly

Mr. Bult's, Inc.401(k)

MR. BULT'S INC. 401(K) PLAN · BURNHAM, IL · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Mr. Bult's, Inc. reported $78,842 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $567 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 0.46% to 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 1,566th-largest of 3,702 plans among Illinois employers on file, and the 669th of 2,677 in transportation & warehousing. In 2024, employees put in $2.63 for every $1.00 the employer contributed; active participation has grown from 1,232 to 1,749 since 2022.

Plan summary
Net assets, end of year$23,069,577
Participants with balances502
Active participants1,749
Employer contributions$991,606
Employee contributions$2,604,922
Employer contribution per active participant$567
Average account balance$45,955
Benefits paid to participants$3,340,604
Plan auditUnmodified (clean) audit opinion
AuditorMCMAHON & ASSOCIATES, CPA PC
Plan history3
Yearassets · accounts · employer contribution
2024$23.1M · 502 accts · $992K emplr
2023$20.2M · 478 accts · $915K emplr
2022$17.4M · 475 accts · $872K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$56,423
Audit (IQPA)$9,000
Trustee / custodial$13,419
Total administrative$78,842
The Mr. Bult's, Inc. 401(k) match · 2024
Employer contribution per active participant$567
Median for plans this size$2,416
2024$567 per active participant
2023$741 per active participant
2022$708 per active participant

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

Service providers · 20243
NEWPORT GROUP, INC. · Claims processing · Recordkeeping$56,423
NEWPORT TRUST COMPANY · Trustee · Trustee (discretionary)$13,419
MCMAHON & ASSOCIATES, CPA PC · Accounting / audit$9,000

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$78,842 · 0.36%
2023$71,333 · 0.38%
2022$84,723 · 0.46%
Same employer
Similar plansTransportation & Warehousing · Illinois
Seko Worldwide, LLC IL$26.8M · 0.28%
Hoffman Transportation IL$24.2M · 0.04%
Nelson-Westerberg, Inc. IL$24.1M · 0.27%
G&D Operating Holdings, LLC IL$23.6M · 0.58%
Aar Aircraft Services, Inc. IL$22.7M · 0.14%
Shipbob, Inc. IL$21.8M · 0.99%
Reyes Holdings, L.L.C. IL$21.7M · 1.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363408042 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.