Advantage Management Corporation401(k)
THE PROFIT SHARING PLUS PLAN (THE PLAN) OF ADVANTAGE MANAGEMENT CORPORATION · EAGAN, MN · plan year 2022
Advantage Management Corporation's 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $57,154,888 across 688 participant accounts, with employer contributions averaging $434 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $50M–$250M size bracket, benchmarked here against 9,341 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 432nd-largest of 1,918 plans among Minnesota employers on file, and the 354th of 2,677 in transportation & warehousing. In 2022, employees put in $4.55 for every $1.00 the employer contributed.
Advantage Management Corporation's 2022 employer contribution ran below the $3,449 median for plans its size, in the bottom quarter of its peers. 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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 411679714 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.