BERRODIN CO. — BERRODIN CO. 401(K) PLAN
DREXEL HILL, PA · EIN 23-0406110 · Plan #004 · Latest Form 5500-SF filed for 2024
Plan summary (2024 filing)
Administrative expenses run 0.5%–1.0% of plan assets — below the cost of a typical small plan, though larger plans often negotiate lower. Based on the 2023 filing — the 2024 filing doesn’t include a fee disclosure yet.
Form 5500 filing history
BERRODIN CO. has 2 Form 5500 filings for this plan in the 401kHunter database:
- 2024 plan year
- 2023 plan year
Year-over-year asset, participant, and fee trends for every filing are available with a free account.
Plan features
Reported on Form 5500 line 8 (plan characteristic codes) in the 2024 filing:
- Profit Sharing (2E)Profit-sharing plan.
- §404(c) Plan (2F)ERISA §404(c) plan — plan is intended to meet the conditions of 29 CFR 2550.404c-1 (participant control over investments).
- Self-Directed (Partial) (2H)Partial participant-directed account plan — participants direct the investment of a portion of their account assets.
- 401(k) Feature (2J)Code §401(k) feature — cash or deferred arrangement allowing employees to defer compensation into the plan.
- §401(m) Match (2K)Code §401(m) arrangement — employee contributions to separate accounts, or employer matching contributions tied to employee deferrals.
- QDIA Default (2T)Total or partial participant-directed plan that uses a default investment account for participants who fail to direct assets.
- Pre-Approved Plan (3D)Pre-approved pension plan — master, prototype, or volume submitter plan with a favorable IRS opinion or advisory letter.
- Controlled Group (3H)Plan sponsor is a member of a controlled or affiliated service group under Code §§414(b), (c), or (m).
See the full picture on BERRODIN CO.’s plan.
Full Schedule H financials, Schedule C service-provider fees, year-over-year trends, peer benchmarks, and decision-maker contacts — create a free account and get 50 free credits.
What is Form 5500?
Form 5500 is the annual return that U.S. employee benefit plans must file with the Department of Labor under ERISA. Every 401(k), pension, profit-sharing, and most welfare benefit plans file one each year, disclosing the plan sponsor, administrator, total assets, participant counts, contributions, and expenses. Large plans (generally 100+ participants) file the full Form 5500 with detailed schedules; smaller plans file the condensed Form 5500-SF. BERRODIN CO.’s most recent filing for this plan covers the 2024 plan year on Form 5500-SF.
Because Form 5500 filings are public record, anyone can review a plan’s financial health: how much it holds in assets, how many employees participate, what it pays in administrative expenses, and — for large plans via Schedule C — exactly which service providers were paid and how much. 401kHunter ingests the DOL’s complete bulk dataset so this information is searchable across more than one million plans.
How fee grades work
401kHunter’s fee grade is a simple A–D letter score computed from each plan’s own filing: total administrative expenses divided by total plan assets. Grade A means expenses are under 0.5% of assets, B is 0.5%–1.0%, C is 1.0%–1.5%, and D is anything above 1.5%. It’s a screening signal, not a verdict — small plans naturally pay more per dollar of assets than billion-dollar plans, and some filings roll investment costs into the administrative line.
Still, the ratio is the fastest public indicator of whether a plan’s participants are getting a fair deal. Industry studies put the average all-in cost of a mid-size plan near 0.5% of assets, with small plans averaging closer to 1.0%–1.3%. A plan consistently grading C or D across multiple filing years is paying above market, and its sponsor has both a fiduciary reason and negotiating leverage to seek better pricing.
This plan was terminated and its assets paid out to participants. Worked here? There’s a page written for you.
What happened to the money →