Plan Ledger DOL Form 5500 · updated monthly

Elizabeth Charles Corporation401(k)

ELIZABETH CHARLES CORPORATION 401(K) PROFIT SHARING PLAN · EDINA, MN · plan year 2024

Reported admin expense ratio · 2024
0.50%

Elizabeth Charles Corporation reported $37,982 in plan administrative expenses for 2024: 0.50% of average plan assets, below the peer median. 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 0.41% to 0.50%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Minnesota (1,401st of 1,918), and 1,839th of 3,341 in other services.

Plan summary
Net assets, end of year$8,228,239
Participants with balances244
Active participants229
Employer contributions—
Employee contributions$558,722
Employer contribution per active participant—
Average account balance$33,722
Benefits paid to participants$474,041
Plan auditUnmodified (clean) audit opinion
AuditorELLINGSON & ELLINGSON, LTD.
Plan history3
Yearassets · accounts · employer contribution
2024$8.2M · 244 accts
2023$7.1M · 236 accts
2022$6.1M · 226 accts
Administrative expenses, itemized · 2024
Investment management$37,982
Total administrative$37,982
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
GEN FINANCIAL MANAGEMENT · Investment advisory (plan)$37,982

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$37,982 · 0.50%
2023$27,916 · 0.42%
2022$27,692 · 0.41%
Same employer
Similar plansOther Services · Minnesota
Scholarship America Inc. MN$9.6M · 0.48%
Speedy Novus Glass LLC MN$7.6M · 0.58%
Aeon MN$7.3M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411758248 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.