Plan Ledger DOL Form 5500 · updated monthly

Spudnik Equipment Company LLC401(k)

SPUDNIK EQUIPMENT COMPANY LLC 401(K) PROFIT SHARING PLAN · BLACKFOOT, ID · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Spudnik Equipment Company LLC reported $87,352 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $2,206 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 0.49% to 0.45%. 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 104th-largest of 349 plans among Idaho employers on file, and the 5,649th of 13,661 in manufacturing. In 2024, employees put in $1.48 for every $1.00 the employer contributed; active participation has grown from 334 to 511 since 2022.

Plan summary
Net assets, end of year$21,520,579
Participants with balances585
Active participants511
Employer contributions$1,127,133
Employee contributions$1,669,742
Employer contribution per active participant$2,206
Average account balance$36,787
Benefits paid to participants$1,158,837
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.5M · 585 accts · $1.1M emplr
2023$17.4M · 421 accts · $886K emplr
2022$15.7M · 446 accts · $790K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$47,325
Investment management$40,027
Total administrative$87,352
The Spudnik Equipment Company LLC 401(k) match · 2024
Employer contribution per active participant$2,206
Median for plans this size$2,416
2024$2,206 per active participant
2023$2,554 per active participant
2022$2,365 per active participant

Spudnik Equipment Company 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 · 20243
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$47,323
ARBOR POINT ADVISORS LLC · Investment advisory (plan)$29,972
ECHELON GROUP, INC. · Investment advisory (plan)$10,054

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

Recordkeeper by year2
2024The Standard
2023The Standard

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

Administrative cost history3
2024$87,352 · 0.45%
2023$86,631 · 0.52%
2022$79,116 · 0.49%
Same employer
Similar plansManufacturing · Idaho
Redbuilt LLC ID$28.5M · 0.15%
Western Trailer Co. ID$26.9M · 0.40%
Idaho Steel Products, Inc. ID$20.7M · 0.28%
Nxedge, Inc. ID$18.6M · 0.07%
Raycap, Inc. ID$17.7M · 0.08%
Idaho Timber, LLC ID$17.0M · 0.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 820537789 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.