Plan Ledger DOL Form 5500 · updated monthly

Packer Fastener & Supply Company401(k)

PACKER FASTENER & SUPPLY 401(K) PLAN · GREEN BAY, WI · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

Packer Fastener & Supply Company reported $45,577 in plan administrative expenses for 2024: 0.57% of average plan assets, above the peer median. Employer contributions averaged $2,844 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 0.54% to 0.57%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Wisconsin (1,345th of 1,936), and 3,055th of 4,246 in wholesale trade. In 2024, employees put in $1.58 for every $1.00 the employer contributed; active participation has grown from 141 to 194 since 2022.

Plan summary
Net assets, end of year$9,012,934
Participants with balances249
Active participants194
Employer contributions$551,735
Employee contributions$870,587
Employer contribution per active participant$2,844
Average account balance$36,197
Benefits paid to participants$844,500
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$9.0M · 249 accts · $552K emplr
2023$6.9M · 200 accts · $444K emplr
2022$4.7M · 153 accts · $339K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,120
Investment management$39,931
Trustee / custodial$4,526
Total administrative$45,577
The Packer Fastener & Supply Company 401(k) match · 2024
Employer contribution per active participant$2,844
Median for plans this size$1,313
2024$2,844 per active participant
2023$2,565 per active participant
2022$2,405 per active participant

Packer Fastener & Supply Company's 2024 employer contribution ran above the $1,313 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
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$5,646
NICOLET NATIONAL BANK · Investment advisory (participants) · Investment advisory (plan)$39,931

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

Recordkeeper by year2
2024Alerus
2023Alerus

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

Administrative cost history3
2024$45,577 · 0.57%
2023$31,088 · 0.53%
2022$25,174 · 0.54%
Same employer
Similar plansWholesale Trade · Wisconsin
Semex USA, Inc. WI$10.4M · 0.55%
Vintage Parts, Inc. WI$9.0M · 0.17%
Dhi Corp. WI$8.8M · 0.69%
Condon Companies WI$8.2M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391929539 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.