Employers › Badger Meter
Recordkeeping fees per participant · Badger Meter Employee Savings and Stock Ownership Plan · plan year 2024
$76.40
Higher than 56% of the 5,847 plans $50 to 250M that report it.
= $90,307 / 1,182
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250714151332NAL0000782515002, received 2025-07-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250714151332NAL0000782515002, received 2025-07-14
Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-14.
Administrative expenses excluding investment management, per participant
$76.40
Higher than 39% of the 8,758 plans $50 to 250M that report it.
= $90,307 / 1,182
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250714151332NAL0000782515002, received 2025-07-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250714151332NAL0000782515002, received 2025-07-14
Administrative expenses per participant
$76.40
Higher than 26% of the 9,042 plans $50 to 250M that report it.
= $90,307 / 1,182
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250714151332NAL0000782515002, received 2025-07-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250714151332NAL0000782515002, received 2025-07-14
Administrative expenses as a share of assets
0.041%
Higher than 17% of the 9,049 plans $50 to 250M that report it.
= $90,307 / $217,799,861
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250714151332NAL0000782515002, received 2025-07-14
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250714151332NAL0000782515002, received 2025-07-14
Employer contributions per participant
$5,239
Higher than 79% of the 9,105 plans $50 to 250M that report it.
= $6,191,910 / 1,182
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250714151332NAL0000782515002, received 2025-07-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250714151332NAL0000782515002, received 2025-07-14
Employer share of total contributions
33.5%
Higher than 63% of the 9,112 plans $50 to 250M that report it.
= $6,191,910 / $18,490,877
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250714151332NAL0000782515002, received 2025-07-14
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250714151332NAL0000782515002, received 2025-07-14
Employer match
“Company matching contributions of $1,709,003 for 2025 were accrued in 2025 and paid in early 2026, which is equal to 25% of the first 7% of participants’ compensation, or 25% of the participant’s contribution, whichever is less.”
Form 11-K filed 2026-06-22, for the year ended 2025-12-31 · plan description note, contributions · source document
Vesting
“Participants are immediately fully vested in their contributions, employer matching contributions and related earnings.”
Form 11-K filed 2026-06-22, for the year ended 2025-12-31 · plan description note, vesting · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2O ESOP-related feature · 2S pre-approved plan document · 2T default investment (QDIA) · 3I · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250714151332NAL0000782515002, received 2025-07-14
| Field | Value | Source |
|---|---|---|
| Plan sponsor | BADGER METER, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250714151332NAL0000782515002, received 2025-07-14 |
| Plan name | BADGER METER EMPLOYEE SAVINGS AND STOCK OWNERSHIP PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250714151332NAL0000782515002, received 2025-07-14 |
| Sponsor EIN / plan number | 39-0143280 / 009 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250714151332NAL0000782515002, received 2025-07-14 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250714151332NAL0000782515002, received 2025-07-14 |
| Sponsor location | MILWAUKEE, WI | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250714151332NAL0000782515002, received 2025-07-14 |
| Industry (business code) | 334500, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250714151332NAL0000782515002, received 2025-07-14 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250714151332NAL0000782515002, received 2025-07-14 |
| Filing received | 2025-07-14 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250714151332NAL0000782515002, received 2025-07-14 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250714151332NAL0000782515002, received 2025-07-14 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250714151332NAL0000782515002, received 2025-07-14 |
| Participants, beginning of year | 1,111 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250714151332NAL0000782515002, received 2025-07-14 |
| Active participants | 916 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250714151332NAL0000782515002, received 2025-07-14 |
| Participants, end of year | 1,201 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250714151332NAL0000782515002, received 2025-07-14 |
| Participants with an account balance | 1,182 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250714151332NAL0000782515002, received 2025-07-14 |
| Total assets, beginning of year | $186,733,890 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250714151332NAL0000782515002, received 2025-07-14 |
| Total assets, end of year | $217,799,861 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250714151332NAL0000782515002, received 2025-07-14 |
| Net assets, end of year | $217,799,861 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250714151332NAL0000782515002, received 2025-07-14 |
| Total income | $52,912,671 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250714151332NAL0000782515002, received 2025-07-14 |
| Net income | $31,065,971 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250714151332NAL0000782515002, received 2025-07-14 |
| Employer contributions | $6,191,910 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250714151332NAL0000782515002, received 2025-07-14 |
| Participant contributions | $8,459,345 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250714151332NAL0000782515002, received 2025-07-14 |
| Other contributions (incl. rollovers) | $3,839,622 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250714151332NAL0000782515002, received 2025-07-14 |
| Total contributions | $18,490,877 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250714151332NAL0000782515002, received 2025-07-14 |
| Benefit payments | $21,756,393 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250714151332NAL0000782515002, received 2025-07-14 |
| Total expenses (incl. benefit payments) | $21,846,700 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250714151332NAL0000782515002, received 2025-07-14 |
| Total administrative expenses | $90,307 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250714151332NAL0000782515002, received 2025-07-14 |
| Recordkeeping fees | $90,307 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250714151332NAL0000782515002, received 2025-07-14 |
| Administrative expenses excluding investment management | $90,307 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250714151332NAL0000782515002, received 2025-07-14 |
| Held in common/collective trusts | $5,303,578 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250714151332NAL0000782515002, received 2025-07-14 |
| Held in mutual funds | $132,611,320 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250714151332NAL0000782515002, received 2025-07-14 |
| Independent auditor | WIPFLI LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250714151332NAL0000782515002, received 2025-07-14 |
Position = column in the DOL layout for form year 2024. Filing 20250714151332NAL0000782515002, received 2025-07-14.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICES,INCrecordkeeper | NONE | 15 Recordkeeping and information management; 50 Direct payment from the plan; 64 Recordkeeping fees | $90,457 | no |
| CAP FINANCIAL PARTNERS LLC | NONE | 28 Investment management; 50 Direct payment from the plan | $60,748 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250714151332NAL0000782515002, received 2025-07-14.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $186,733,890 | $217,799,861 | 16.6% |
| Participants with a balance | 1,082 | 1,182 | 9.2% |
| Administrative expenses | $19,699 | $90,307 | 358.4% |
| Recordkeeping fees per participant | $4.34 | $76.40 | 1659.2% |
| Employer contributions | $5,110,736 | $6,191,910 | 21.2% |
Prior filing 20240716145013NAL0005452864001, received 2024-07-16; the plan years are contiguous.
Sponsor name as filed: BADGER METER, INC.; SEC registrant: BADGER METER INC (CIK 9092, matched by EIN; display name from the Form 11-K cover).