Plan Ledger DOL Form 5500 · updated monthly

Digineer, Inc.401(k)

DIGINEER, INC. 401(K) PLAN · PLYMOUTH, MN · plan year 2023

Reported admin expense ratio · 2023
0.78%

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

Digineer, Inc. reported $51,303 in plan administrative expenses for 2023: 0.78% of average plan assets, above the peer median. Employer contributions averaged $1,539 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 has held roughly steady near 0.78%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Minnesota (1,431st of 1,918), and 8,895th of 11,654 in professional & technical services. In 2023, employees put in $6.15 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,433,069
Participants with balances175
Active participants84
Employer contributions$129,258
Employee contributions$794,451
Employer contribution per active participant$1,539
Average account balance$42,475
Benefits paid to participants$395,608
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$7.4M · 175 accts · $129K emplr
2022$5.7M · 187 accts · $137K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$51,303
Total administrative$51,303
The Digineer, Inc. 401(k) match · 2023
Employer contribution per active participant$1,539
Median for plans this size$1,308
2023$1,539 per active participant
2022$1,307 per active participant

Digineer, Inc.'s 2023 employer contribution ran above the $1,308 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
AXA EQUITABLE LIFE INSURANCE CO. · Plan administrator · Trustee (directed)$51,303

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

Administrative cost history2
2023$51,303 · 0.78%
2022$42,711 · 0.75%
Similar plansProfessional & Technical Services · Minnesota
Araz Group de, LLC MN$8.0M · 1.08%
Ritalka, Incorporated MN$8.0M · 0.04%
Razr Marketing, Inc. MN$7.9M · 0.03%
Compudyne Inc MN$7.6M · 0.46%
About Healthcare, Inc. MN$7.2M · 0.36%
Fb Solutions Group, LLC MN$5.8M · 0.72%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 411913218 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.