Plan Ledger DOL Form 5500 · updated monthly

Aeon403(b)

AEON 403(B) PLAN · MINNEAPOLIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Aeon reported $24,042 in plan administrative expenses for 2024: 0.35% of average plan assets, below the peer median. Employer contributions averaged $1,013 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 rose from 0.32% to 0.35%. 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 (1,436th of 1,918), and 1,966th of 3,341 in other services. In 2024, employees put in $2.42 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,315,226
Participants with balances179
Active participants221
Employer contributions$223,894
Employee contributions$541,048
Employer contribution per active participant$1,013
Average account balance$40,867
Benefits paid to participants$706,477
Plan auditUnmodified (clean) audit opinion
AuditorMAHONEY
Plan history3
Yearassets · accounts · employer contribution
2024$7.3M · 179 accts · $224K emplr
2023$6.3M · 237 accts
2022$6.4M · 255 accts · $273K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,366
Investment management$17,676
Total administrative$24,042
The Aeon 401(k) match · 2024
Employer contribution per active participant$1,013
Median for plans this size$1,313
2024$1,013 per active participant
2022$1,159 per active participant

Aeon's 2024 employer contribution ran below 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 · 20241
ALERUS FINANICAL, N.A. · Recordkeeping · Trustee$23,912

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

Recordkeeper by year2
2024Alerus
2023Alerus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$24,042 · 0.35%
2023$107,960 · 1.70%
2022$22,880 · 0.32%
Same employer
Similar plansOther Services · Minnesota
Speedy Novus Glass LLC MN$7.6M · 0.58%
Safenet Consulting Inc MN$7.0M · 0.69%
Simonson's Salon & Spa MN$6.5M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411558711 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.