Plan Ledger DOL Form 5500 · updated monthly

Agate Housing and Services, Inc.401(k)

AGATE HOUSING AND SERVICES, INC. 401(K) PLAN · MINNEAPOLIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Agate Housing and Services, Inc. reported $7,950 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $1,767 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 0.15% to 0.24%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Minnesota (1,686th of 1,918), and 8,869th of 11,911 in health care & social assistance. In 2024, employees put in $1.13 for every $1.00 the employer contributed; active participation has shrunk from 114 to 100 since 2022.

Plan summary
Net assets, end of year$3,558,469
Participants with balances156
Active participants100
Employer contributions$176,712
Employee contributions$199,183
Employer contribution per active participant$1,767
Average account balance$22,811
Benefits paid to participants$448,438
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.6M · 156 accts · $177K emplr
2023$3.2M · 156 accts · $154K emplr
2022$2.6M · 148 accts · $157K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,950
Total administrative$7,950
The Agate Housing and Services, Inc. 401(k) match · 2024
Employer contribution per active participant$1,767
Median for plans this size$1,313
2024$1,767 per active participant
2023$1,296 per active participant
2022$1,376 per active participant

Agate Housing and Services, Inc.'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.

Administrative cost history3
2024$7,950 · 0.24%
2023$7,027 · 0.24%
2022$4,375 · 0.15%
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Mdm Rubicon, Inc. MN$3.7M · 0.80%
Opal Services, Inc. MN$3.7M · 0.65%
Wacosa MN$3.6M · 0.84%
The Wayside House, Inc. MN$3.4M · 0.03%
Hiawatha Homes, Inc. MN$3.3M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010639118 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.