Plan Ledger DOL Form 5500 · updated monthly

The Elkin Company, LLC401(k)

THE ELKIN COMPANY & AFFILIATES PROFIT SHARING PLAN · BURLINGTON, WI · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

The Elkin Company, LLC reported $97,211 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,072 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 0.41% to 0.47%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is the 817th-largest of 1,936 plans among Wisconsin employers on file, and the 222nd of 945 in agriculture, forestry & fishing. In 2024, employees put in $1.66 for every $1.00 the employer contributed; active participation has grown from 539 to 622 since 2022.

Plan summary
Net assets, end of year$21,709,599
Participants with balances241
Active participants622
Employer contributions$666,778
Employee contributions$1,107,510
Employer contribution per active participant$1,072
Average account balance$90,081
Benefits paid to participants$1,644,745
Plan auditUnmodified (clean) audit opinion
AuditorSVA CERTIFIED PUBLIC ACCOUNTANTS, S
Plan history3
Yearassets · accounts · employer contribution
2024$21.7M · 241 accts · $667K emplr
2023$19.2M · 270 accts · $683K emplr
2022$17.2M · 274 accts · $670K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$97,211
Total administrative$97,211
The The Elkin Company, LLC 401(k) match · 2024
Employer contribution per active participant$1,072
Median for plans this size$2,416
2024$1,072 per active participant
2023$1,150 per active participant
2022$1,244 per active participant

The Elkin Company, LLC'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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$89,178
ROBERT W BAIRD & CO INC · Investment advisory (plan)indirect comp
THE RETIREMENT ADVANTAGE INC · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$97,211 · 0.47%
2023$76,703 · 0.42%
2022$81,249 · 0.41%
Same employer
Similar plansAgriculture, Forestry & Fishing · Wisconsin
Sanimax USA LLC WI$44.7M · 0.05%
Huntsinger Farms, Inc. WI$27.2M · 0.27%
Allied Cooperative WI$20.7M · 0.27%
Northside Elevator, Inc. WI$18.8M · 0.35%
Milk Source, LLC WI$14.5M · 0.43%
Daybreak Foods, Inc. WI$12.4M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391264653 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.