Plan Ledger DOL Form 5500 · updated monthly

Alpha Services Company of Rochester401(k)

ALPHA SERVICES COMPANY OF ROCHESTER 401(K) PLAN · ROCHESTER, MN · plan year 2024

Reported admin expense ratio · 2024
1.29%

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

Alpha Services Company of Rochester reported $44,049 in plan administrative expenses for 2024: 1.29% of average plan assets, higher than ~90% of peers. Employer contributions averaged $565 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 1.19% to 1.29%. 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 (1,673rd of 1,918), and 8,715th of 11,911 in health care & social assistance. In 2024, employees put in $2.17 for every $1.00 the employer contributed; active participation has grown from 341 to 395 since 2022.

Plan summary
Net assets, end of year$3,763,246
Participants with balances149
Active participants395
Employer contributions$223,227
Employee contributions$484,347
Employer contribution per active participant$565
Average account balance$25,257
Benefits paid to participants$392,355
Plan auditUnmodified (clean) audit opinion
AuditorSMITH SCHAFER & ASSOCIATES, LTD.
Plan history3
Yearassets · accounts · employer contribution
2024$3.8M · 149 accts · $223K emplr
2023$3.1M · 146 accts · $228K emplr
2022$2.3M · 143 accts · $205K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,049
Total administrative$44,049
The Alpha Services Company of Rochester 401(k) match · 2024
Employer contribution per active participant$565
Median for plans this size$1,313
2024$565 per active participant
2023$633 per active participant
2022$601 per active participant

Alpha Services Company of Rochester's 2024 employer contribution ran below the $1,313 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.

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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$44,048
EDWARD JONES · Investment advisory (plan)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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

Administrative cost history3
2024$44,049 · 1.29%
2023$34,445 · 1.29%
2022$27,247 · 1.19%
Similar plansHealth Care & Social Assistance · Minnesota
Options Minnesota, Inc. MN$4.1M · 1.63%
Mdm Rubicon, Inc. MN$3.7M · 0.80%
Opal Services, Inc. MN$3.7M · 0.65%
Wacosa MN$3.6M · 0.84%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411992713 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.