Plan Ledger DOL Form 5500 · updated monthly

American Business Forms, Inc.401(k)

AMERICAN SOLUTIONS FOR BUSINESS 401(K) PLAN · GLENWOOD, MN · plan year 2024

Reported admin expense ratio · 2024
0.28%

American Business Forms, Inc. reported $145,088 in plan administrative expenses for 2024: 0.28% of average plan assets, higher than ~75% of peers. 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 0.18% to 0.28%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other retail trade employers. By assets it is the 468th-largest of 1,918 plans among Minnesota employers on file, and the 621st of 5,215 in retail trade.

Plan summary
Net assets, end of year$53,781,389
Participants with balances820
Active participants1,031
Employer contributions—
Employee contributions$4,665,162
Employer contribution per active participant—
Average account balance$65,587
Benefits paid to participants$5,869,769
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$53.8M · 820 accts
2023$48.4M · 788 accts
2022$39.3M · 763 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$145,088
Total administrative$145,088
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$145,088
MMA SECURITES LLC · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)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$145,088 · 0.28%
2023$152,351 · 0.35%
2022$69,206 · 0.18%
All plans at this employer2
AMERICAN SOLUTIONS FOR BUSINESS 401(K) PLAN401(k)
AMERICAN SOLUTIONS FOR BUSINESS EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
Similar plansRetail Trade · Minnesota
Hom Furniture, Inc. MN$71.0M · 0.27%
Slumberland, Inc. MN$69.9M · 0.06%
The Tile Shop, LLC MN$55.4M · 0.30%
Fph Morrie's LLC MN$53.1M · 0.34%
Maurices Incorporated MN$52.0M · 0.11%
Amplifon (USA), Inc. MN$51.6M · 0.50%
Jerry's Enterprises, Inc. MN$49.5M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411393684 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.