Plan Ledger DOL Form 5500 · updated monthly

Advanced Textiles Association401(k)

TEXTILE INDUSTRY RETIREMENT PLAN · ROSEVILLE, MN · plan year 2024

Reported admin expense ratio · 2024
0.74%

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

Advanced Textiles Association reported $41,363 in plan administrative expenses for 2024: 0.74% of average plan assets, above the peer median. Employer contributions averaged $1,501 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Minnesota (1,503rd of 1,918), and 2,137th of 3,341 in other services. In 2024, employees put in $2.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,096,312
Participants with balances174
Active participants176
Employer contributions$264,210
Employee contributions$631,516
Employer contribution per active participant$1,501
Average account balance$35,036
Benefits paid to participants$610,000
Plan auditUnmodified (clean) audit opinion
AuditorOLSON THEILEN & CO. LTD
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,363
Total administrative$41,363
The Advanced Textiles Association 401(k) match · 2024
Employer contribution per active participant$1,501
Median for plans this size$1,313

Advanced Textiles Association's 2024 employer contribution ran above the $1,313 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 · 20243
JOHN HANCOCK · Recordkeeping$20,096
DWC ERISA CONSULTANTS, LLC · Contract administrator$15,395
PREFERRED PRODUCT NETWORK · Insurance broker$5,872

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history1
2024$41,363 · 0.74%
Similar plansOther Services · Minnesota
Simonson's Salon & Spa MN$6.5M · 0.54%
The Arc Minnesota, Inc. MN$6.4M · 0.34%
Rs Eden MN$5.8M · 0.63%
Mini Kix, Inc. MN$5.8M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410434680 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.