Plan Ledger DOL Form 5500 · updated monthly

Olsson Industrial Electric, Inc.401(k)

OLSSON INDUSTRIAL ELECTRIC, INC. PROFIT SHARING AND 401(K) PLAN · SPRINGFIELD, OR · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Olsson Industrial Electric, Inc. reported $148,236 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $13,167 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 0.35% to 0.31%. 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 172nd-largest of 1,021 plans among Oregon employers on file, and the 1,020th of 5,337 in construction. In 2024, the employer put in $1.64 for every $1.00 employees contributed themselves; active participation has grown from 314 to 403 since 2022.

Plan summary
Net assets, end of year$52,433,680
Participants with balances497
Active participants403
Employer contributions$5,306,239
Employee contributions$3,226,201
Employer contribution per active participant$13,167
Average account balance$105,500
Benefits paid to participants$3,026,467
Plan auditUnmodified (clean) audit opinion
AuditorBVAL CPAS & ADVISORS, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$52.4M · 497 accts · $5.3M emplr
2023$42.2M · 409 accts · $4.4M emplr
2022$33.7M · 384 accts · $3.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$59,841
Investment management$78,795
Total administrative$148,236
The Olsson Industrial Electric, Inc. 401(k) match · 2024
Employer contribution per active participant$13,167
Median for plans this size$2,416
2024$13,167 per active participant
2023$12,936 per active participant
2022$10,575 per active participant

Olsson Industrial Electric, 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
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$2,364
ROEHL & YI INVESTMENT ADVISORS LLC · Investment advisory (participants) · Investment advisory (plan)$78,795

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$148,236 · 0.31%
2023$127,042 · 0.34%
2022$121,594 · 0.35%
Same employer
Similar plansConstruction · Oregon
Fortis Construction Inc. OR$66.0M · 0.34%
Wilson Construction Company OR$49.0M · 0.09%
Ec Company OR$42.7M
Mei Rigging & Crating, LLC OR$37.9M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 930826848 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.