Plan Ledger DOL Form 5500 · updated monthly

Astrup Drug, Inc.401(k)

ASTRUP COMPANIES 401(K) PLAN · AUSTIN, MN · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Astrup Drug, Inc. reported $91,147 in plan administrative expenses for 2024: 0.29% of average plan assets, above the peer median. Employer contributions averaged $2,005 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 fell from 0.33% to 0.29%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 636th-largest of 1,918 plans among Minnesota employers on file, and the 939th of 5,215 in retail trade. In 2024, employees put in $2.05 for every $1.00 the employer contributed; active participation has grown from 375 to 449 since 2022.

Plan summary
Net assets, end of year$33,728,169
Participants with balances518
Active participants449
Employer contributions$900,124
Employee contributions$1,849,593
Employer contribution per active participant$2,005
Average account balance$65,112
Benefits paid to participants$2,045,440
Plan auditUnmodified (clean) audit opinion
AuditorJOHN A. KNUTSON & CO., PLLP
Plan history3
Yearassets · accounts · employer contribution
2024$33.7M · 518 accts · $900K emplr
2023$28.3M · 456 accts · $808K emplr
2022$22.1M · 298 accts · $668K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$51,152
Investment management$39,995
Total administrative$91,147
The Astrup Drug, Inc. 401(k) match · 2024
Employer contribution per active participant$2,005
Median for plans this size$2,416
2024$2,005 per active participant
2023$1,865 per active participant
2022$1,782 per active participant

Astrup Drug, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20242
THE HAYS FINANCIAL GROUP, LLC · Investment advisory (plan)$39,995

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

Administrative cost history3
2024$91,147 · 0.29%
2023$80,927 · 0.32%
2022$79,819 · 0.33%
Same employer
Similar plansRetail Trade · Minnesota
Imedia Brands, Inc. MN$40.6M · 0.40%
L & M Supply, Inc. MN$40.4M · 0.40%
Bachman's Inc. MN$39.1M · 0.15%
Apple Valley Ford, Inc. MN$33.9M · 0.05%
Twin City Hardware Company MN$33.4M · 0.07%
Warners Stellian Co., Inc. MN$32.2M · 0.29%
Rockler Companies, Inc. MN$31.9M · 0.20%
Running Supply, Inc. MN$31.6M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410780900 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.