Plan Ledger DOL Form 5500 · updated monthly

Drcc, Inc.401(k)

DRCC 401(K) PROFIT SHARING PLAN · DULUTH, MN · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

Drcc, Inc. reported $76,923 in plan administrative expenses for 2024: 0.58% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,331 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 0.69% to 0.58%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Minnesota (1,117th of 1,918), and the 1,351st of 3,341 in other services. In 2024, the employer put in $1.09 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$13,940,992
Participants with balances337
Active participants393
Employer contributions$522,967
Employee contributions$478,399
Employer contribution per active participant$1,331
Average account balance$41,368
Benefits paid to participants$1,140,443
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.9M · 337 accts · $523K emplr
2023$12.7M · 366 accts · $510K emplr
2022$10.6M · 373 accts · $501K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$76,923
Total administrative$76,923
The Drcc, Inc. 401(k) match · 2024
Employer contribution per active participant$1,331
Median for plans this size$2,416
2024$1,331 per active participant
2023$1,349 per active participant
2022$1,298 per active participant

Drcc, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20242
JOHN HANCOCK · Other services$47,604
MORGAN STANLEY GLOBAL BANKING OPERA · Investment advisory (plan)$25,886

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$76,923 · 0.58%
2023$55,553 · 0.48%
2022$83,802 · 0.69%
Same employer
Similar plansOther Services · Minnesota
Identisys Incorporated MN$15.9M · 0.43%
Nexstar, Inc MN$14.9M · 0.11%
Viking Client Services, LLC MN$12.8M · 0.43%
City Auto Glass, Inc. MN$12.8M · 0.18%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 410965828 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.