Plan Ledger DOL Form 5500 · updated monthly

Dubow Textile, Inc.401(k)

DUBOW TEXTILE 401(K) SAVINGS PLAN · SAINT CLOUD, MN · plan year 2024

Reported admin expense ratio · 2024
0.94%

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

Dubow Textile, Inc. reported $27,537 in plan administrative expenses for 2024: 0.94% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,010 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 3 years on file its reported administrative ratio has held roughly steady near 0.94%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is among the smaller plans on file in Minnesota (1,717th of 1,918), and 731st of 945 in agriculture, forestry & fishing. In 2024, employees put in $2.04 for every $1.00 the employer contributed; active participation has shrunk from 197 to 159 since 2022.

Plan summary
Net assets, end of year$3,098,577
Participants with balances206
Active participants159
Employer contributions$160,637
Employee contributions$328,237
Employer contribution per active participant$1,010
Average account balance$15,042
Benefits paid to participants$491,029
Plan auditUnmodified (clean) audit opinion
AuditorSCHLENNER WENNER & CO CPA'S
Plan history3
Yearassets · accounts · employer contribution
2024$3.1M · 206 accts · $161K emplr
2023$2.8M · 213 accts · $152K emplr
2022$2.2M · 246 accts · $104K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$27,537
Total administrative$27,537
The Dubow Textile, Inc. 401(k) match · 2024
Employer contribution per active participant$1,010
Median for plans this size$1,313
2024$1,010 per active participant
2023$667 per active participant
2022$530 per active participant

Dubow Textile, Inc.'s 2024 employer contribution ran below the $1,313 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.

Administrative cost history3
2024$27,537 · 0.94%
2023$24,980 · 1.01%
2022$20,739 · 0.93%
Same employer
Similar plansAgriculture, Forestry & Fishing · Minnesota
Hord Farms West LLP MN$6.9M · 0.29%
Leedstone, Inc. MN$3.6M · 0.63%
Forsman Farms, Inc. MN$2.3M · 0.14%
Waymouth Farms, Inc. MN$1.9M · 0.93%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411707831 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.