Plan Ledger DOL Form 5500 · updated monthly

Annandale Marketplace Inc.401(k)

THE MARKETPLACE EMPLOYEE RETIREMENT PLAN · ANNANDALE, MN · plan year 2024

Reported admin expense ratio · 2024
0.89%

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

Annandale Marketplace Inc. reported $36,081 in plan administrative expenses for 2024: 0.89% of average plan assets, higher than ~75% of peers. Employer contributions averaged $313 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 3 years on file its reported administrative ratio has held roughly steady near 0.89%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Minnesota (1,650th of 1,918), and 4,010th of 5,215 in retail trade. In 2024, employees put in $6.25 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,143,414
Participants with balances127
Active participants186
Employer contributions$58,146
Employee contributions$363,225
Employer contribution per active participant$313
Average account balance$32,625
Benefits paid to participants$592,973
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.1M · 127 accts · $58K emplr
2023$3.9M · 127 accts · $55K emplr
2022$3.6M · 131 accts · $54K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,704
Investment management$16,377
Total administrative$36,081
The Annandale Marketplace Inc. 401(k) match · 2024
Employer contribution per active participant$313
Median for plans this size$1,313
2024$313 per active participant
2023$320 per active participant
2022$308 per active participant

Annandale Marketplace Inc.'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 · 20242
ALERUS FINANCIAL, N.A. · Recordkeeping · Custodial (securities)$13,934
BAM ADVISOR SERVICES LLC · Investment advisory (participants) · Investment advisory (plan)$22,144

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 history3
2024$36,081 · 0.89%
2023$35,847 · 0.95%
2022$36,487 · 0.92%
Similar plansRetail Trade · Minnesota
Fullerton Lumber Company MN$4.8M · 0.15%
Grand Central Inc MN$4.7M · 0.02%
Erik's Bike Shop, Inc. MN$4.7M · 0.92%
France 44 Liquors, Inc. MN$4.0M · 0.15%
King's Supermarkets, Inc. MN$3.8M · 0.31%
The Amble Group Inc MN$3.6M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141864664 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.