Plan Ledger DOL Form 5500 · updated monthly

Culligan Soft Water Service Company401(k)

CULLIGAN SOFT WATER SERVICES SAVINGS PLAN · MINNETONKA, MN · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Culligan Soft Water Service Company reported $27,845 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,871 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 0.15% to 0.04%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 391st-largest of 1,918 plans among Minnesota employers on file, and the 306th of 3,341 in other services. In 2024, employees put in $1.87 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$67,741,972
Participants with balances753
Active participants554
Employer contributions$1,590,751
Employee contributions$2,978,336
Employer contribution per active participant$2,871
Average account balance$89,963
Benefits paid to participants$7,685,685
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$67.7M · 753 accts · $1.6M emplr
2023$61.6M · 756 accts · $1.6M emplr
2022$51.5M · 735 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$27,845
Total administrative$27,845
The Culligan Soft Water Service Company 401(k) match · 2024
Employer contribution per active participant$2,871
Median for plans this size$3,635
2024$2,871 per active participant
2023$2,926 per active participant
2022$2,745 per active participant

Culligan Soft Water Service Company's 2024 employer contribution ran below the $3,635 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 · 20241
STANCORP FINANCIAL GROUP · Contract administrator · Recordkeeping$65,083

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 Culligan Soft Water Service Company 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$27,845 · 0.04%
2023$21,792 · 0.04%
2022$87,653 · 0.15%
Same employer
Similar plansOther Services · Minnesota
Schoeneckers, Inc. MN$299.7M · 0.06%
Metron, Inc. VA$67.7M · 0.13%
Comagine Health WA$67.7M · 0.28%
Optical Society of America DC$67.4M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410642507 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.