Plan Ledger DOL Form 5500 · updated monthly

Beltmann Group Incorporated401(k)

BELTMANN GROUP INCORPORATED 401(K) SAVINGS AND RETIREMENT PLAN AND TRUST AGREEMENT · ROSEVILLE, MN · plan year 2024

Reported admin expense ratio · 2024
0.40%

Beltmann Group Incorporated reported $94,433 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. 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 0.35% to 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 806th-largest of 1,918 plans among Minnesota employers on file, and the 655th of 2,677 in transportation & warehousing. active participation has grown from 380 to 543 since 2022.

Plan summary
Net assets, end of year$23,686,023
Participants with balances581
Active participants543
Employer contributions—
Employee contributions$2,231,990
Employer contribution per active participant—
Average account balance$40,768
Benefits paid to participants$4,429,673
Plan auditUnmodified (clean) audit opinion
AuditorBERGANKDV
Plan history3
Yearassets · accounts · employer contribution
2024$23.7M · 581 accts
2023$23.5M · 581 accts
2022$20.1M · 429 accts · $204 emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$51,350
Investment management$28,000
Total administrative$94,433
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
SAGEVIEW ADVISORY GROUP LLC · Investment advisory (plan)$28,000

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$94,433 · 0.40%
2023$74,037 · 0.34%
2022$74,270 · 0.35%
Same employer
Similar plansTransportation & Warehousing · Minnesota
Wayne Transports, Inc MN$45.2M · 0.21%
Mn Coaches Family MN$27.7M · 0.28%
King Solutions, Inc. MN$13.4M · 0.50%
Caledonia Haulers, Inc. MN$12.3M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411287134 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.