Plan Ledger DOL Form 5500 · updated monthly

Alula, LLC401(k)

ALULA 401(K) PLAN · SAINT PAUL, MN · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Alula, LLC reported $29,985 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $3,328 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 fell from 0.34% to 0.27%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Minnesota (1,188th of 1,918), and 7,947th of 13,661 in manufacturing. In 2024, employees put in $3.41 for every $1.00 the employer contributed; active participation has shrunk from 102 to 81 since 2022.

Plan summary
Net assets, end of year$12,256,739
Participants with balances127
Active participants81
Employer contributions$269,595
Employee contributions$919,036
Employer contribution per active participant$3,328
Average account balance$96,510
Benefits paid to participants$757,044
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.3M · 127 accts · $270K emplr
2023$10.3M · 128 accts · $266K emplr
2022$8.1M · 134 accts · $286K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,601
Investment management$26,384
Total administrative$29,985
The Alula, LLC 401(k) match · 2024
Employer contribution per active participant$3,328
Median for plans this size$2,416
2024$3,328 per active participant
2023$3,093 per active participant
2022$2,803 per active participant

Alula, LLC's 2024 employer contribution ran above the $2,416 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 · 20242
EXCEL FINANCIAL · Investment advisory (participants) · Investment advisory (plan)$26,384
ALERUS FINANCIAL · Contract administrator$3,601

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$29,985 · 0.27%
2023$28,401 · 0.31%
2022$27,875 · 0.34%
Similar plansManufacturing · Minnesota
Arrow Finishing, Inc MN$12.3M · 0.34%
Sunrich Products MN$12.2M · 0.23%
Minmor Industries, LLC MN$12.1M · 0.08%
Electromed, Inc. MN$11.5M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 461009973 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.