Plan Ledger DOL Form 5500 · updated monthly

Aaa Minneapolis401(k)

AAA MINNEAPOLIS 401(K) SAVINGS PLAN · MINNEAPOLIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Aaa Minneapolis reported $61,925 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $1,446 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 0.41%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Minnesota (1,030th of 1,918), and the 727th of 2,534 in administrative & support services. In 2024, employees put in $3.02 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,112,169
Participants with balances209
Active participants167
Employer contributions$241,474
Employee contributions$730,024
Employer contribution per active participant$1,446
Average account balance$77,092
Benefits paid to participants$1,379,558
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$16.1M · 209 accts · $241K emplr
2023$13.9M · 211 accts · $174K emplr
2022$12.2M · 222 accts · $161K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$61,925
Total administrative$61,925
The Aaa Minneapolis 401(k) match · 2024
Employer contribution per active participant$1,446
Median for plans this size$2,416
2024$1,446 per active participant
2023$1,074 per active participant
2022$939 per active participant

Aaa Minneapolis'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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$62,524

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$61,925 · 0.41%
2023$64,846 · 0.50%
2022$69,668 · 0.49%
Same employer
Similar plansAdministrative & Support Services · Minnesota
Verified Credentials, LLC MN$20.0M · 0.55%
Hahl Companies, LLC MN$17.5M · 0.11%
Aspen Waste Systems, Inc. MN$16.1M · 0.16%
Dem-Con Companies, LLC MN$13.9M · 0.01%
Elder-Jones, Inc. MN$12.4M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410134600 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.