Plan Ledger DOL Form 5500 · updated monthly

Cass Screw Machine Products, LLC401(k)

HEARTLAND EQUITY PARTNERS 401(K) PLAN · BROOKLYN CENTER, MN · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Cass Screw Machine Products, LLC reported $79,595 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $2,161 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 0.52% to 0.41%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 859th-largest of 1,918 plans among Minnesota employers on file, and the 5,661st of 13,661 in manufacturing. In 2024, employees put in $2.02 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,468,601
Participants with balances323
Active participants272
Employer contributions$587,695
Employee contributions$1,188,849
Employer contribution per active participant$2,161
Average account balance$66,466
Benefits paid to participants$1,137,021
Plan auditUnmodified (clean) audit opinion
AuditorSMITH SCHAFER & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$21.5M · 323 accts · $588K emplr
2023$17.5M · 331 accts · $562K emplr
2022$14.3M · 328 accts · $559K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,361
Investment management$38,637
Trustee / custodial$7,597
Total administrative$79,595
The Cass Screw Machine Products, LLC 401(k) match · 2024
Employer contribution per active participant$2,161
Median for plans this size$2,416
2024$2,161 per active participant
2023$1,987 per active participant
2022$1,940 per active participant

Cass Screw Machine Products, LLC'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
NWPS · Recordkeeping · Consulting$33,361
RBC WEALTH MANAGEMENT · Investment advisory (participants) · Investment advisory (plan)$38,637
MATRIX TRUST COMPANY · Custodial (securities) · Trustee$7,597

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

Recordkeeper by year2
2024NWPS
2023NWPS

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$79,595 · 0.41%
2023$83,519 · 0.52%
2022$80,985 · 0.52%
Similar plansManufacturing · Minnesota
Sportech, LLC MN$22.4M · 0.57%
Precision Associates, Inc. MN$22.0M · 0.17%
Water Gremlin Co. MN$22.0M · 0.33%
Avr, LLC MN$21.9M · 0.00%
Circuit Check, Inc. MN$21.3M · 0.33%
Viterra USA LLC MN$20.9M · 0.15%
Reviva, Inc. MN$20.8M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 475006172 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.