Plan Ledger DOL Form 5500 · updated monthly

Boarman Kroos Vogel Group, Inc.401(k)

BOARMAN KROOS VOGEL GROUP, INC. 401(K) RETIREMENT PLAN · MINNEAPOLIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Boarman Kroos Vogel Group, Inc. reported $73,882 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $2,231 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 0.40% to 0.38%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 864th-largest of 1,918 plans among Minnesota employers on file, and the 5,362nd of 11,654 in professional & technical services. In 2024, employees put in $4.95 for every $1.00 the employer contributed; active participation has shrunk from 204 to 167 since 2022.

Plan summary
Net assets, end of year$21,034,163
Participants with balances226
Active participants167
Employer contributions$372,591
Employee contributions$1,842,893
Employer contribution per active participant$2,231
Average account balance$93,072
Benefits paid to participants$1,987,421
Plan auditDisclaimer of opinion
AuditorBGM CPA, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$21.0M · 226 accts · $373K emplr
2023$18.3M · 240 accts · $550K emplr
2022$14.0M · 234 accts · $444K emplr
The Boarman Kroos Vogel Group, Inc. 401(k) match · 2024
Employer contribution per active participant$2,231
Median for plans this size$2,416
2024$2,231 per active participant
2023$2,939 per active participant
2022$2,175 per active participant

Boarman Kroos Vogel Group, 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
BENEFIT PLANS ADMIN SERVICES, INC. · Recordkeeping · Consulting$50,853
IMPACT RETIREMENT ADVISORS · Investment advisory (plan) · Named fiduciary$20,783

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

Recordkeeper by year2
2024BENEFIT PLANS ADMIN SERVICES, INC.
2023BENEFIT PLANS ADMIN SERVICES, INC.

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Administrative cost history3
2024$73,882 · 0.38%
2023$65,742 · 0.41%
2022$58,228 · 0.40%
Same employer
Similar plansProfessional & Technical Services · Minnesota
Hellmuth & Johnson, PLLC MN$23.1M · 0.29%
Sopheon Corporation MN$21.4M · 0.40%
Tempworks Software, Inc. MN$20.3M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411326637 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.