Plan Ledger DOL Form 5500 · updated monthly

Edge Home Finance Corporation401(k)

EDGE HOME FINANCE CORPORATION 401(K) PLAN · MINNETONKA, MN · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Edge Home Finance Corporation reported $2,010 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $0 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 0.27% to 0.03%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Minnesota (1,398th of 1,918), and 4,142nd of 4,798 in finance & insurance. active participation has grown from 615 to 1,706 since 2022.

Plan summary
Net assets, end of year$8,271,363
Participants with balances204
Active participants1,706
Employer contributions$0
Employee contributions$1,680,350
Employer contribution per active participant$0
Average account balance$40,546
Benefits paid to participants$691,217
Plan auditUnmodified (clean) audit opinion
AuditorSMITH SCHAFER AND ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$8.3M · 204 accts
2023$6.1M · 180 accts
2022$4.4M · 155 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,315
Investment management$695
Total administrative$2,010
The Edge Home Finance Corporation 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Edge Home Finance Corporation's 2024 employer contribution ran below the $1,313 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 · 20241
AMERICAN UNITED LIFE INSURANCE CO · Recordkeeping · Loan processing$2,215

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

Recordkeeper by year2
2024OneAmerica
2023ADP, OneAmerica

This plan has changed recordkeepers within these filings. If you left Edge Home Finance Corporation 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 history3
2024$2,010 · 0.03%
2023$12,766 · 0.24%
2022$10,576 · 0.27%
Similar plansFinance & Insurance · Minnesota
North Central Equity LLC MN$9.6M · 0.77%
Hmn Financial, Inc. MN$9.2M · 0.00%
Lend Smart Mortgage, LLC MN$8.3M · 0.87%
Corner Home Medical, Inc. MN$8.1M · 0.60%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 453718999 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.