Plan Ledger DOL Form 5500 · updated monthly

Encompass Energy Services401(k)

ENCOMPASS ENERGY 401(K) PLAN · DULUTH, MN · plan year 2022

Reported admin expense ratio · 2022
0.69%

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

Encompass Energy Services reported $20,030 in plan administrative expenses for 2022: 0.69% of average plan assets, above the peer median. Employer contributions averaged $1,133 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Minnesota (1,725th of 1,918), and 10,547th of 11,654 in professional & technical services. In 2022, employees put in $2.62 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,984,069
Participants with balances89
Active participants209
Employer contributions$236,829
Employee contributions$620,747
Employer contribution per active participant$1,133
Average account balance$33,529
Benefits paid to participants$119,951
Plan auditUnmodified (clean) audit opinion
AuditorHEARD, MCELROY & VESTAL, LLC
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$6,393
Investment management$13,637
Total administrative$20,030
The Encompass Energy Services 401(k) match · 2022
Employer contribution per active participant$1,133
Median for plans this size$1,114

Encompass Energy Services's 2022 employer contribution ran above the $1,114 median for plans its size. 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$20,030 · 0.69%
Same employer
Similar plansProfessional & Technical Services · Minnesota
Mme Group, Inc. MN$3.1M · 0.82%
Martin Calibration Inc MN$3.1M · 1.61%
Gemini Medical , LLC MN$2.3M · 1.08%
Javen Technologies, Inc. MN$1.2M · 0.05%
Axis Clinicals LLC MN$970K · 0.82%

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Source: U.S. Department of Labor, Form 5500 series, EIN 454058762 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.