Plan Ledger DOL Form 5500 · updated monthly

Cole Papers, Inc.401(k)

COLE PAPERS, INC. 401(K) PLAN · FARGO, ND · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Cole Papers, Inc. reported $34,398 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $131 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 3 years on file its reported administrative ratio has held roughly steady near 0.327%. 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 among the smaller plans on file in North Dakota (169th of 279), and 3,851st of 4,798 in finance & insurance. In 2024, employees put in $22.15 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,398,070
Participants with balances120
Active participants215
Employer contributions$28,219
Employee contributions$625,145
Employer contribution per active participant$131
Average account balance$94,984
Benefits paid to participants$221,429
Plan auditUnmodified (clean) audit opinion
AuditorWIDMER ROEL PC
Plan history3
Yearassets · accounts · employer contribution
2024$11.4M · 120 accts · $28K emplr
2023$9.7M · 118 accts · $25K emplr
2022$8.6M · 124 accts · $26K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,462
Audit (IQPA)$2,000
Trustee / custodial$29,936
Total administrative$34,398
The Cole Papers, Inc. 401(k) match · 2024
Employer contribution per active participant$131
Median for plans this size$2,416
2024$131 per active participant
2023$134 per active participant
2022$129 per active participant

Cole Papers, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20241
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$32,398

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

Recordkeeper by year2
2024Alerus
2023Alerus

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Administrative cost history3
2024$34,398 · 0.33%
2023$31,840 · 0.35%
2022$31,960 · 0.33%
All plans at this employer2
COLE PAPERS, INC. PROFIT SHARING PLANProfit-sharing plan
COLE PAPERS, INC. 401(K) PLAN401(k)
Same employer
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Starion Bancorporation ND$32.4M · 0.32%
American Federal Bank ND$29.4M · 0.23%
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Ni Holdings, Inc. ND$2.7M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450129830 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.