Plan Ledger DOL Form 5500 · updated monthly

Ecmc Group, Inc.401(k)

ECMC GROUP 401(K) PLAN · MINNEAPPOLIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Ecmc Group, Inc. reported $109,082 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $12,062 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 0.11% to 0.06%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other educational services employers. By assets it is the 171st-largest of 1,918 plans among Minnesota employers on file, and the 296th of 3,091 in educational services. In 2024, the employer put in $1.09 for every $1.00 employees contributed themselves; active participation has shrunk from 501 to 419 since 2022.

Plan summary
Net assets, end of year$190,162,718
Participants with balances1,061
Active participants419
Employer contributions$5,054,057
Employee contributions$4,626,379
Employer contribution per active participant$12,062
Average account balance$179,230
Benefits paid to participants$19,227,457
Plan auditUnmodified (clean) audit opinion
AuditorOLSEN THIELEN & CO., LTD.
Plan history3
Yearassets · accounts · employer contribution
2024$190.2M · 1,061 accts · $5.1M emplr
2023$176.5M · 1,141 accts · $5.6M emplr
2022$152.2M · 1,265 accts · $5.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$109,082
Total administrative$109,082
The Ecmc Group, Inc. 401(k) match · 2024
Employer contribution per active participant$12,062
Median for plans this size$3,635
2024$12,062 per active participant
2023$12,858 per active participant
2022$11,521 per active participant

Ecmc Group, Inc.'s 2024 employer contribution ran above the $3,635 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 · 20245
EMPOWER ANNUITY INSURANCE COMPANY O · Recordkeeping · Loan processing$44,133
EMPOWER ADVISORY GROUP, LLC · Investment management · Investment advisory (participants)$64,949
EMPOWER FINANCIAL SERVICES, INC. · Securities brokerage$50

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

Recordkeeper by year2
2024Empower
2023Empower

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$109,082 · 0.06%
2023$157,923 · 0.10%
2022$179,913 · 0.11%
Same employer
Similar plansEducational Services · Minnesota
Carleton College MN$396.7M · 0.07%
St. Olaf College MN$326.9M · 0.10%
Macalester College MN$273.1M · 0.08%
Concordia College MN$194.2M · 0.09%
St. Catherine University MN$178.2M · 0.01%
Augsburg University MN$149.4M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411991995 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.