Plan Ledger DOL Form 5500 · updated monthly

Drn Enterprises, Inc. dba Arrow Lift Accessibility401(k)

ARROW LIFT UNITY RETIREMENT PLAN · DULUTH, MN · plan year 2024

Reported admin expense ratio · 2024
1.29%

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

Drn Enterprises, Inc. dba Arrow Lift Accessibility reported $75,773 in plan administrative expenses for 2024: 1.29% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,751 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 1 year on file its reported administrative ratio rose from 1.19% to 1.29%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Minnesota (1,499th of 1,918), and 10,619th of 13,661 in manufacturing. In 2024, employees put in $1.45 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,125,750
Participants with balances138
Active participants123
Employer contributions$338,339
Employee contributions$491,611
Employer contribution per active participant$2,751
Average account balance$44,389
Benefits paid to participants$1,215,868
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$6.1M · 138 accts · $338K emplr
2023$5.7M · 141 accts · $283K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,161
Investment management$30,612
Total administrative$75,773
The Drn Enterprises, Inc. dba Arrow Lift Accessibility 401(k) match · 2024
Employer contribution per active participant$2,751
Median for plans this size$1,313
2024$2,751 per active participant
2023$2,723 per active participant

Drn Enterprises, Inc. dba Arrow Lift Accessibility's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20241
JOHN HANCOCK · Recordkeeping$1,900

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

Recordkeeper by year2
2024John Hancock
2023JPHN HANCOCK

This plan has changed recordkeepers within these filings. If you left Drn Enterprises, Inc. dba Arrow Lift Accessibility 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 history2
2024$75,773 · 1.29%
2023$59,610 · 1.19%
Similar plansManufacturing · Minnesota
Reo Plastics, Inc. MN$6.9M · 1.04%
The Sierra Company LLC MN$6.5M · 0.43%
Surly Brewing Co. MN$5.9M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411924876 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.