Plan Ledger DOL Form 5500 · updated monthly

Dungarvin Group, Inc.401(k)

DUNGARVIN 401(K) RETIREMENT PLAN · MENDOTA HEIGHTS, MN · plan year 2024

Reported admin expense ratio · 2024
0.50%

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

Dungarvin Group, Inc. reported $259,862 in plan administrative expenses for 2024: 0.50% of average plan assets, higher than ~90% of peers. Employer contributions averaged $236 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 9 years on file its reported administrative ratio rose from 0.34% to 0.50%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 439th-largest of 1,918 plans among Minnesota employers on file, and the 1,697th of 11,911 in health care & social assistance. In 2024, employees put in $4.02 for every $1.00 the employer contributed; active participation has grown from 3,119 to 5,755 since 2015.

Plan summary
Net assets, end of year$56,378,555
Participants with balances1,953
Active participants5,755
Employer contributions$1,357,730
Employee contributions$5,461,620
Employer contribution per active participant$236
Average account balance$28,868
Benefits paid to participants$5,985,423
Plan auditUnmodified (clean) audit opinion
AuditorCLIFTON, LARSEN & ALLEN
Plan history4
Yearassets · accounts · employer contribution
2024$56.4M · 1,953 accts · $1.4M emplr
2023$47.6M · 2,024 accts · $1.2M emplr
2022$39.6M · 2,024 accts · $656K emplr
2015$23.0M · 798 accts · $311K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$168,506
Investment management$69,726
Total administrative$259,862
The Dungarvin Group, Inc. 401(k) match · 2024
Employer contribution per active participant$236
Median for plans this size$3,635
2024$236 per active participant
2023$217 per active participant
2022$146 per active participant
2015$100 per active participant

Dungarvin Group, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20243
NFP RETIREMENT INC · Investment advisory (plan)$69,726
DUNGARVIN GROUP INC$21,630

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

Administrative cost history4
2024$259,862 · 0.50%
2023$195,073 · 0.45%
2022$194,402 · 0.45%
2015$78,353 · 0.34%
Same employer
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Ebenezer Society MN$64.4M · 0.25%
Physician's Endoscopy, LLC MN$62.9M · 0.05%
Minnesota Urology P.A. MN$54.2M · 0.41%
St. Paul Eye Clinic, P.A. MN$52.7M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 412022672 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.