Plan Ledger DOL Form 5500 · updated monthly

Arise Industrial Manufacturing401(k)

ARISE INDUSTRIAL MANUFACTURING 401(K) PLAN · BUFFALO, MN · plan year 2024

Reported admin expense ratio · 2024
1.00%

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

Arise Industrial Manufacturing reported $87,385 in plan administrative expenses for 2024: 1.00% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,255 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 1 year on file its reported administrative ratio rose from 0.63% to 1.00%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Minnesota (1,358th of 1,918), and 9,261st of 13,661 in manufacturing. In 2024, employees put in $1.66 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,935,040
Participants with balances140
Active participants272
Employer contributions$341,461
Employee contributions$567,200
Employer contribution per active participant$1,255
Average account balance$63,822
Benefits paid to participants$1,693,451
Plan auditUnmodified (clean) audit opinion
AuditorARY ROEPCKE MULCHAEY, PC
Plan history2
Yearassets · accounts · employer contribution
2024$8.9M · 140 accts · $341K emplr
2023$8.6M · 189 accts · $303K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,801
Investment management$43,584
Total administrative$87,385
The Arise Industrial Manufacturing 401(k) match · 2024
Employer contribution per active participant$1,255
Median for plans this size$1,313
2024$1,255 per active participant
2023$1,814 per active participant

Arise Industrial Manufacturing's 2024 employer contribution ran below the $1,313 median for plans its size. 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 · 20243
LATITUDE SERVICE COMPANY, INC · Recordkeeping · Other services$12,022
MEYERS WEALTH MANAGEMENT · Investment management$43,584
NORTH AMERICAN KTRADE ALLIANCE, LLC$31,779

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

Recordkeeper by year2
2024LATITUDE SERVICE COMPANY, INC
2023LATITUDE SERVICE COMPANY, INC

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Administrative cost history2
2024$87,385 · 1.00%
2023$54,148 · 0.63%
Same employer
Similar plansManufacturing · Minnesota
Plymold,Co MN$9.6M
Advantek, LLC MN$9.5M · 0.43%
J & E Manufacturing Co. MN$9.0M · 0.53%
Granite Tops, LLC MN$8.6M · 0.34%
Warrior Mfg., LLC MN$8.6M · 0.38%
Xetex, LLC MN$8.6M · 0.72%
Summit Medical, LLC. MN$8.5M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 882946436 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.