Plan Ledger DOL Form 5500 · updated monthly

Anchor Ingredients Co., LLC401(k)

ANCHOR INGREDIENTS 401(K) PLAN · FARGO, ND · plan year 2024

Reported admin expense ratio · 2024
0.60%

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

Anchor Ingredients Co., LLC reported $33,933 in plan administrative expenses for 2024: 0.60% of average plan assets, above the peer median. Employer contributions averaged $2,852 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 has held roughly steady near 0.597%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in North Dakota (223rd of 279), and 3,425th of 4,246 in wholesale trade. In 2024, employees put in $1.44 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,457,138
Participants with balances183
Active participants154
Employer contributions$439,136
Employee contributions$634,177
Employer contribution per active participant$2,852
Average account balance$35,285
Benefits paid to participants$256,259
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$6.5M · 183 accts · $439K emplr
2023$4.9M · 138 accts · $336K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,573
Trustee / custodial$28,360
Total administrative$33,933
The Anchor Ingredients Co., LLC 401(k) match · 2024
Employer contribution per active participant$2,852
Median for plans this size$1,313
2024$2,852 per active participant
2023$2,366 per active participant

Anchor Ingredients Co., LLC's 2024 employer contribution ran above the $1,313 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 · 20241
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$33,933

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

Recordkeeper by year2
2024Alerus
2023Alerus

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

Administrative cost history2
2024$33,933 · 0.60%
2023$24,724 · 0.60%
Same employer
Similar plansWholesale Trade · North Dakota
Minot Builders Supply Inc ND$12.2M · 0.01%
Lamoure Equipment Inc ND$7.6M · 0.16%
Kotaco Fuels, Inc. ND$4.6M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 473303740 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.