Plan Ledger DOL Form 5500 · updated monthly

City View Electric, Inc.401(k)

CITY VIEW ELECTRIC, INC. 401(K) PLAN · COLUMBUS, MN · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

City View Electric, Inc. reported $12,195 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,623 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 rose from 0.05% to 0.06%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 825th-largest of 1,918 plans among Minnesota employers on file, and the 1,833rd of 5,337 in construction. In 2024, employees put in $4.19 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,045,155
Participants with balances138
Active participants114
Employer contributions$299,011
Employee contributions$1,252,555
Employer contribution per active participant$2,623
Average account balance$166,994
Benefits paid to participants$1,104,142
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.0M · 138 accts · $299K emplr
2023$20.0M · 139 accts · $299K emplr
2022$15.9M · 143 accts · $269K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,195
Total administrative$12,195
The City View Electric, Inc. 401(k) match · 2024
Employer contribution per active participant$2,623
Median for plans this size$2,416
2024$2,623 per active participant
2023$2,475 per active participant
2022$2,187 per active participant

City View Electric, Inc.'s 2024 employer contribution ran above 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$10,445
TAX SHELTERED COMPENSATION INC · Contract administrator · Other services$1,750
RBC CAPITAL MARKETS LLC · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)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$12,195 · 0.06%
2023$8,794 · 0.05%
2022$9,183 · 0.05%
Same employer
Similar plansConstruction · Minnesota
Ellingson Drainage, Inc. MN$26.1M · 0.06%
Design Electric, Inc. MN$23.2M · 0.48%
R.J. Zavoral & Sons, Inc. MN$22.4M · 0.21%
Met-Con Companies, Inc. MN$21.8M · 0.13%
Allstar Holdings, LLC MN$21.4M · 0.75%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411573026 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.