Plan Ledger DOL Form 5500 · updated monthly

Castlelake, LP401(k)

CASTLELAKE, LP RETIREMENT SAVINGS PLAN · MINNEAPOLIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.00%

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

Castlelake, LP reported $1,849 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $9,237 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 0.05% to 0.00%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 548th-largest of 1,918 plans among Minnesota employers on file, and the 1,836th of 4,798 in finance & insurance. In 2024, employees put in $1.72 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$43,929,975
Participants with balances200
Active participants162
Employer contributions$1,496,460
Employee contributions$2,574,348
Employer contribution per active participant$9,237
Average account balance$219,650
Benefits paid to participants$3,507,093
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$43.9M · 200 accts · $1.5M emplr
2023$37.3M · 199 accts · $1.7M emplr
2022$32.8M · 211 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,849
Total administrative$1,849
The Castlelake, LP 401(k) match · 2024
Employer contribution per active participant$9,237
Median for plans this size$2,416
2024$9,237 per active participant
2023$10,465 per active participant
2022$10,396 per active participant

Castlelake, LP's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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
MMA SECURITIES LLC · Investment advisory (plan)$15,618

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$1,849 · 0.00%
2023$20,612 · 0.06%
2022$19,070 · 0.05%
Same employer
Similar plansFinance & Insurance · Minnesota
Bms Intermediaries, Inc. MN$47.5M · 0.12%
Stratacor MN$44.1M · 0.17%
Bridgewater Bank MN$41.8M · 0.21%
Leamington Co. MN$35.9M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 203323857 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.