Plan Ledger DOL Form 5500 · updated monthly

Arrow Tank & Engineering Company401(k)

ARROW TANK & ENGINEERING COMPANY SHOP EMPLOYEES RETIREMENT PLAN · COON RAPIDS, MN · plan year 2024

Reported admin expense ratio · 2024
0.67%

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

Arrow Tank & Engineering Company reported $60,905 in plan administrative expenses for 2024: 0.67% of average plan assets, above the peer median. Employer contributions averaged $2,061 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 rose from 0.48% to 0.67%. 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 (1,319th of 1,918), and 8,934th of 13,661 in manufacturing. In 2024, employees put in $1.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,711,357
Participants with balances154
Active participants111
Employer contributions$228,820
Employee contributions$271,127
Employer contribution per active participant$2,061
Average account balance$63,061
Benefits paid to participants$330,109
Plan auditUnmodified (clean) audit opinion
AuditorCOPELAND BUHL & COMPANY PLLP
Plan history3
Yearassets · accounts · employer contribution
2024$9.7M · 154 accts · $229K emplr
2023$8.4M · 163 accts · $238K emplr
2022$7.1M · 143 accts · $236K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,550
Investment management$22,033
Audit (IQPA)$28,800
Trustee / custodial$4,522
Total administrative$60,905
The Arrow Tank & Engineering Company 401(k) match · 2024
Employer contribution per active participant$2,061
Median for plans this size$1,313
2024$2,061 per active participant
2023$1,953 per active participant
2022$2,104 per active participant

Arrow Tank & Engineering Company's 2024 employer contribution ran above 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
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$10,071
COPELAND BUHL & COMPANY PLLP · Accounting / audit$28,800
NEWTON FINANCIAL SOLUTIONS$22,033

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

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Administrative cost history3
2024$60,905 · 0.67%
2023$27,346 · 0.35%
2022$39,957 · 0.48%
Same employer
Similar plansManufacturing · Minnesota
Savanna Pallets, Inc. MN$9.9M · 0.01%
St. Croix Forge, Inc. MN$9.9M · 0.56%
Priority Envelope, Inc. MN$9.8M · 0.69%
American Converters, Inc. MN$9.8M · 0.04%
Plymold,Co MN$9.6M
Advantek, LLC MN$9.5M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411538543 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.