Plan Ledger DOL Form 5500 · updated monthly

Davanni's, Inc.401(k)

DAVANNI'S, INC. 401(K) PROFIT SHARING PLAN AND TRUST · ST LOUIS PARK, MN · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Davanni's, Inc. reported $62,137 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $115 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 0.45% to 0.42%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Minnesota (1,053rd of 1,918), and the 397th of 2,240 in accommodation & food services. In 2024, employees put in $15.90 for every $1.00 the employer contributed; active participation has grown from 230 to 257 since 2022.

Plan summary
Net assets, end of year$15,438,505
Participants with balances239
Active participants257
Employer contributions$29,681
Employee contributions$471,812
Employer contribution per active participant$115
Average account balance$64,596
Benefits paid to participants$798,429
Plan auditUnmodified (clean) audit opinion
AuditorELLINGSON & ELLINGSON, LTD.
Plan history3
Yearassets · accounts · employer contribution
2024$15.4M · 239 accts · $30K emplr
2023$14.1M · 220 accts · $28K emplr
2022$12.4M · 216 accts · $55K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$62,137
Total administrative$62,137
The Davanni's, Inc. 401(k) match · 2024
Employer contribution per active participant$115
Median for plans this size$2,416
2024$115 per active participant
2023$128 per active participant
2022$237 per active participant

Davanni's, 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 · 20244
LEAFHOUSE FINANCIAL ADVISORS, LLC · Investment advisory (plan)$7,109
TAX SHELTERED COMPENSATION, INC. · Contract administrator$5,087
OSIAC WEALTH, INCindirect 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$62,137 · 0.42%
2023$55,562 · 0.42%
2022$57,128 · 0.45%
Same employer
Similar plansAccommodation & Food Services · Minnesota
Border Foods, LLC. MN$21.0M · 0.68%
Taher, Inc. MN$15.0M · 0.27%
Concourse Hotel Inc MN$13.5M · 0.27%
Burwell Enterprises, LLC MN$10.4M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411249827 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.