Plan Ledger DOL Form 5500 · updated monthly

Eec Acquisitions, LLC dba Smart Care Equipment Solutions401(k)

SMART CARE EQUIPMENT SOLUTIONS 401(K) PLAN · ST. PAUL, MN · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Eec Acquisitions, LLC dba Smart Care Equipment Solutions reported $276,953 in plan administrative expenses for 2024: 0.52% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,321 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 rose from 0.37% to 0.52%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 420th-largest of 1,918 plans among Minnesota employers on file, and the 2,742nd of 13,661 in manufacturing. In 2024, employees put in $2.38 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$61,079,869
Participants with balances1,365
Active participants1,906
Employer contributions$2,518,350
Employee contributions$5,995,666
Employer contribution per active participant$1,321
Average account balance$44,747
Benefits paid to participants$6,778,493
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$61.1M · 1,365 accts · $2.5M emplr
2023$45.0M · 1,259 accts · $2.2M emplr
2022$36.6M · 1,154 accts · $1.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$69,004
Investment management$194,164
Audit (IQPA)$13,785
Total administrative$276,953
The Eec Acquisitions, LLC dba Smart Care Equipment Solutions 401(k) match · 2024
Employer contribution per active participant$1,321
Median for plans this size$3,635
2024$1,321 per active participant
2023$1,105 per active participant
2022$1,118 per active participant

Eec Acquisitions, LLC dba Smart Care Equipment Solutions'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 · 20245
MERCER INVESTMENTS, LLC · Consulting · Insurance services$192,839
CLIFTONLARSONALLEN, LLP · Accounting / audit$12,636
EMPOWER ADVISORY GROUP, LLC · Investment management$1,325
FROEHLING ANDERSON LTD · Accounting / audit$1,149

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

Administrative cost history3
2024$276,953 · 0.52%
2023$202,915 · 0.50%
2022$126,277 · 0.37%
Same employer
Similar plansManufacturing · Minnesota
Japs-Olson Company MN$64.1M · 0.18%
Crystal Cabinet Works, Inc. MN$63.7M · 0.21%
Surmodics, Inc. MN$63.0M · 0.17%
Minco Products, Inc. MN$62.3M · 0.17%
Pan-O-Gold Baking Company MN$59.6M · 0.10%
Nexen Group Inc. MN$58.4M · 0.17%
Quadion LLC MN$58.1M · 0.37%
Dura Supreme LLC MN$58.0M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 823154334 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.