Plan Ledger DOL Form 5500 · updated monthly

Abraham Technical Services Inc. dba Abetech401(k)

ABRAHAM TECHNICAL 401(K) PLAN · ROGERS, MN · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Abraham Technical Services Inc. dba Abetech reported $64,826 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $3,888 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 3 years on file its reported administrative ratio has held roughly steady near 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 907th-largest of 1,918 plans among Minnesota employers on file, and the 1,926th of 4,246 in wholesale trade. In 2024, employees put in $2.55 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,542,109
Participants with balances167
Active participants132
Employer contributions$513,200
Employee contributions$1,307,537
Employer contribution per active participant$3,888
Average account balance$117,019
Benefits paid to participants$1,384,844
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.5M · 167 accts · $513K emplr
2023$16.3M · 179 accts · $497K emplr
2022$13.6M · 154 accts · $440K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,890
Investment management$35,936
Total administrative$64,826
The Abraham Technical Services Inc. dba Abetech 401(k) match · 2024
Employer contribution per active participant$3,888
Median for plans this size$2,416
2024$3,888 per active participant
2023$3,578 per active participant
2022$3,310 per active participant

Abraham Technical Services Inc. dba Abetech's 2024 employer contribution ran above 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 · 20242
MMA SECURITIES LLC · Investment advisory (plan)$35,936

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$64,826 · 0.36%
2023$53,357 · 0.36%
2022$51,455 · 0.35%
Same employer
Similar plansWholesale Trade · Minnesota
West Central Steel, Inc MN$20.5M · 0.09%
Allegis Corporation MN$19.9M · 0.02%
Macqueen Equipment, LLC MN$19.6M · 0.60%
Waytek, Inc. MN$19.5M · 0.03%
Mti Distributing Inc. MN$19.5M · 0.04%
Wheeler Consolidated, Inc. MN$18.9M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411717647 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.