Plan Ledger DOL Form 5500 · updated monthly

Ascent Global, Inc. D/B/A Ascent Solutions401(k)

ASCENT SOLUTIONS 401(K) PLAN · MINNEAPOLIS, MN · plan year 2023

Reported admin expense ratio · 2023
1.01%

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

Ascent Global, Inc. D/B/A Ascent Solutions reported $37,823 in plan administrative expenses for 2023: 1.01% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,452 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 1.01% to 1.35%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Minnesota (1,652nd of 1,918), and 10,121st of 11,654 in professional & technical services. In 2023, employees put in $3.89 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,123,729
Participants with balances123
Active participants75
Employer contributions$183,898
Employee contributions$715,754
Employer contribution per active participant$2,452
Average account balance$33,526
Benefits paid to participants$767,395
Plan auditUnmodified (clean) audit opinion
AuditorJOHN A KNUTSON & CO., PLLP
Plan history2
Yearassets · accounts · employer contribution
2024$3.7M · 85 accts · $123K emplr
2023$4.1M · 123 accts · $184K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$20,631
Investment management$17,192
Total administrative$37,823
The Ascent Global, Inc. D/B/A Ascent Solutions 401(k) match · 2023
Employer contribution per active participant$2,452
Median for plans this size$1,308
2024$2,282 per active participant
2023$2,452 per active participant

Ascent Global, Inc. D/B/A Ascent Solutions's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
USI ADVISORS INC · Investment advisory (plan)$14,714
EMPOWER ADVISORY GROUP, LLC · Investment management$2,478

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

Administrative cost history2
2024$52,750 · 1.35%
2023$37,823 · 1.01%
Same employer
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Atomic Data, LLC MN$4.7M · 0.20%
Willette Acquisition Corp MN$4.5M · 0.33%
Captionmax LLC MN$4.0M · 0.04%
Vivacity Tech Pbc MN$3.9M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 874134999 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.