Plan Ledger DOL Form 5500 · updated monthly

Anderson Fabrics, Inc.ESOP

ANDERSON FABRICS, INC. ESOP · BLACKDUCK, MN · plan year 2023

Reported admin expense ratio · 2023
0.76%

Anderson Fabrics, Inc. reported $26,669 in plan administrative expenses for 2023: 0.76% of average plan assets, above the peer median. 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 1.24% to 2.84%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Minnesota (1,688th of 1,918), and 11,986th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$3,550,844
Participants with balances303
Active participants253
Employer contributions—
Employee contributions—
Employer contribution per active participant—
Average account balance$11,719
Benefits paid to participants$38,814
Plan auditUnmodified (clean) audit opinion
AuditorMILLER MCDONALD, INC
Plan history3
Yearassets · accounts · employer contribution
2024$982 · 1 accts
2023$3.6M · 303 accts
2022$3.4M · 254 accts
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$50,494 · 2.84%
2023$26,669 · 0.76%
2022$43,559 · 1.24%
All plans at this employer2
ANDERSON COMPANIES EMPLOYEES 401(K) PLAN401(k)
ANDERSON FABRICS, INC. ESOPESOP
Similar plansManufacturing · Minnesota
Pearsons Candy Co. MN$3.8M · 0.91%
Rhino, Inc. MN$3.7M · 1.09%
Alexandria Pro-Fab, Inc. MN$3.3M · 0.72%
Voyager Industries, Inc. MN$3.3M · 0.99%
Premier Marine LLC MN$3.2M · 1.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411403746 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.