Plan Ledger DOL Form 5500 · updated monthly

Canterbury Park Holding Corp.401(k) + ESOP (KSOP)

CANTERBURY PARK 401(K) RETIREMENT PLAN · SHAKOPEE, MN · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Canterbury Park Holding Corp. reported $160,992 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,435 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 0.50% to 0.47%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is the 602nd-largest of 1,918 plans among Minnesota employers on file, and the 273rd of 1,311 in arts, entertainment & recreation. In 2024, employees put in $2.37 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$36,747,727
Participants with balances769
Active participants612
Employer contributions$878,006
Employee contributions$2,079,818
Employer contribution per active participant$1,435
Average account balance$47,786
Benefits paid to participants$1,936,154
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$36.7M · 769 accts · $878K emplr
2023$32.0M · 791 accts · $836K emplr
2022$29.4M · 716 accts · $641K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$160,992
Total administrative$160,992
The Canterbury Park Holding Corp. 401(k) match · 2024
Employer contribution per active participant$1,435
Median for plans this size$2,416
2024$1,435 per active participant
2023$1,271 per active participant
2022$1,081 per active participant

Canterbury Park Holding Corp.'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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$160,992
USI ADVISORS, INC. · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$160,992 · 0.47%
2023$133,676 · 0.44%
2022$147,395 · 0.50%
Same employer
Similar plansArts, Entertainment & Recreation · Minnesota
Self Esteem Brands, LLC MN$39.8M · 0.29%
Plus One Holdings, Inc. MN$33.7M · 0.06%
Walker Art Center MN$31.5M · 0.01%
Leech Lake Band of Ojibwe MN$16.9M · 0.80%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411775532 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.