Plan Ledger DOL Form 5500 · updated monthly

Allegis Corporation401(k)

ALLEGIS CORPORATION RETIREMENT PLAN · SPRING LAKE PARK, MN · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Allegis Corporation reported $3,678 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,943 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 0.01% to 0.02%. 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 897th-largest of 1,918 plans among Minnesota employers on file, and the 1,899th of 4,246 in wholesale trade. In 2024, employees put in $1.11 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,859,370
Participants with balances139
Active participants134
Employer contributions$662,298
Employee contributions$732,755
Employer contribution per active participant$4,943
Average account balance$142,873
Benefits paid to participants$2,644,402
Plan auditUnmodified (clean) audit opinion
AuditorFROEHLING ANDERSON
Plan history3
Yearassets · accounts · employer contribution
2024$19.9M · 139 accts · $662K emplr
2023$18.9M · 129 accts · $610K emplr
2022$16.2M · 127 accts · $599K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,678
Total administrative$3,678
The Allegis Corporation 401(k) match · 2024
Employer contribution per active participant$4,943
Median for plans this size$2,416
2024$4,943 per active participant
2023$4,419 per active participant
2022$4,375 per active participant

Allegis Corporation's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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.

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
ADP, INC. · Loan processing · Recordkeeping$3,678
ADP BROKER-DEALERindirect comp
LPL FINANCIAL · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$3,678 · 0.02%
2023$2,429 · 0.01%
2022$1,844 · 0.01%
Similar plansWholesale Trade · Minnesota
Herc-U-Lift, Inc. MN$21.7M · 0.40%
West Central Steel, Inc MN$20.5M · 0.09%
Macqueen Equipment, LLC MN$19.6M · 0.60%
Waytek, Inc. MN$19.5M · 0.03%
Mti Distributing Inc. MN$19.5M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410954593 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.