Plan Ledger DOL Form 5500 · updated monthly

Applied Engineering, Inc.401(k) + ESOP (KSOP)

APPLIED ENGINEERING, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST · FARGO, ND · plan year 2025

Reported admin expense ratio · 2025
0.31%

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

Applied Engineering, Inc. reported $63,014 in plan administrative expenses for 2025: 0.31% of average plan assets, above the peer median. Employer contributions averaged $11,832 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 rose from 0.26% to 0.31%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other professional & technical services employers. By assets it is the 105th-largest of 279 plans among North Dakota employers on file, and the 5,143rd of 11,654 in professional & technical services. In 2025, the employer put in $2.00 for every $1.00 employees contributed themselves; active participation has grown from 85 to 95 since 2022.

Plan summary
Net assets, end of year$22,417,612
Participants with balances259
Active participants95
Employer contributions$1,124,003
Employee contributions$562,222
Employer contribution per active participant$11,832
Average account balance$86,554
Benefits paid to participants$1,534,331
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$22.4M · 259 accts · $1.1M emplr
2024$18.7M · 249 accts · $903K emplr
2023$17.7M · 269 accts · $871K emplr
2022$17.0M · 278 accts · $599K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$57,594
Total administrative$63,014
The Applied Engineering, Inc. 401(k) match · 2025
Employer contribution per active participant$11,832
Median for plans this size$2,666
2025$11,832 per active participant
2024$10,876 per active participant
2023$11,307 per active participant
2022$7,051 per active participant

Applied Engineering, Inc.'s 2025 employer contribution ran above the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20254
VALMARK ADVISERS INC · Investment advisory (plan)$24,997
EMPOWER ADVISORY GROUP, LLC · Investment management$2,360
FIRST INTERNATIONAL BANK & TRUST · Investment advisory (plan)$1,304

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

Administrative cost history4
2025$63,014 · 0.31%
2024$51,411 · 0.28%
2023$45,780 · 0.26%
2022$45,452 · 0.26%
Similar plansProfessional & Technical Services · North Dakota
Moore Holding Company ND$36.0M · 0.08%
Brosz Engineering, Inc. ND$23.3M · 0.27%
Eapc Architects Engineers ND$21.5M · 0.31%
Flint Holdings, Inc. ND$14.8M · 0.48%
Bushel Inc. ND$12.5M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450396816 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.