Plan Ledger DOL Form 5500 · updated monthly

Commonbond Communities401(k)

COMMONBOND COMMUNITIES 401(K) SAVINGS PLAN · SAINT PAUL, MN · plan year 2023

Reported admin expense ratio · 2023
0.34%

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

Commonbond Communities reported $65,629 in plan administrative expenses for 2023: 0.34% of average plan assets, above the peer median. Employer contributions averaged $2,114 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 0.27% to 0.33%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 883rd-largest of 1,918 plans among Minnesota employers on file, and the 660th of 2,096 in real estate & leasing. In 2023, employees put in $2.38 for every $1.00 the employer contributed; active participation has shrunk from 326 to 270 since 2022.

Plan summary
Net assets, end of year$20,433,703
Participants with balances554
Active participants270
Employer contributions$570,861
Employee contributions$1,358,968
Employer contribution per active participant$2,114
Average account balance$36,884
Benefits paid to participants$3,096,464
Plan auditUnmodified (clean) audit opinion
AuditorMAHONEY ULBRICH CHRISTIANSEN RUSS
Plan history3
Yearassets · accounts · employer contribution
2024$20.0M · 471 accts · $488K emplr
2023$20.4M · 554 accts · $571K emplr
2022$18.0M · 592 accts · $545K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$65,629
Total administrative$65,629
The Commonbond Communities 401(k) match · 2023
Employer contribution per active participant$2,114
Median for plans this size$2,440
2024$2,123 per active participant
2023$2,114 per active participant
2022$1,670 per active participant

Commonbond Communities's 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
MINNESOTA LIFE INSURANCE COMPANY · Contract administrator · Recordkeeping$65,629

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

Recordkeeper by year2
2024The Standard
2023Securian

This plan has changed recordkeepers within these filings. If you left Commonbond Communities before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$66,201 · 0.33%
2023$65,629 · 0.34%
2022$56,756 · 0.27%
Same employer
Similar plansReal Estate & Leasing · Minnesota
Great Clips, Inc. MN$55.7M · 0.20%
Csm Corporation MN$39.9M · 0.38%
Smarte Carte, Inc. MN$30.2M · 0.25%
Marsden Services, L.L.C. MN$21.9M · 0.60%
Bigos Management, Inc. MN$18.3M · 0.52%
Timberland Partners, Inc. MN$16.9M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411260469 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.