The Boelter Companies, Inc. 401(k) Review & Grade
The Boelter Companies, Inc. Retirement Savings Plan
Waukesha, WIWholesale Trade515 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,130Employer $ per active participant
$7,351Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$50.4MNet plan assets, end of year
$77,600Average balance per account
Score breakdown
- Employer generosity29.0 / 5058th percentile for employer $ per participant
- Low cost11.9 / 2548th percentile for low admin cost vs. same-size plans
- Employee saving12.3 / 1582th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 48th |
| Employee saving | 82th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Boelter Companies put in about $2,130 per active participant, more than the typical peer ($1,792). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,096,969 |
| Participant (employee) contributions | $3,785,794 |
| Other contributions (incl. rollovers in) | $1,751,659 |
| Administrative expenses paid from the plan | $113,597 |
| Contract administrator fees | $113,597 |
| Benefits paid out | $3,635,299 |
| Net assets, start / end of year | $41.8M / $50.4M |
| Active participants, start / end of year | 508 / 522 |
| Participants with account balances | 650 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $113,596 reported compensation |
| LPL Financial LLC - Rpcp | $43,561 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014101413NAL0002592369001, received 2025-10-14, EIN 39-0752036, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.