Plan Ledger DOL Form 5500 · updated monthly

Engage Technologies Corporation401(k)

ENGAGE TECHNOLOGIES CORPORATION 401(K) SAVINGS PLAN · BROOKLYN PARK, MN · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Engage Technologies Corporation reported $60,154 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $2,577 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 0.37% to 0.30%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 866th-largest of 1,918 plans among Minnesota employers on file, and the 5,749th of 13,661 in manufacturing. In 2024, employees put in $4.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,989,297
Participants with balances118
Active participants141
Employer contributions$363,390
Employee contributions$1,456,851
Employer contribution per active participant$2,577
Average account balance$177,875
Benefits paid to participants$2,018,568
Plan auditUnmodified (clean) audit opinion
AuditorDS&B, LTD
Plan history3
Yearassets · accounts · employer contribution
2024$21.0M · 118 accts · $363K emplr
2023$18.7M · 116 accts · $336K emplr
2022$14.5M · 111 accts · $293K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,731
Investment management$48,423
Total administrative$60,154
The Engage Technologies Corporation 401(k) match · 2024
Employer contribution per active participant$2,577
Median for plans this size$2,416
2024$2,577 per active participant
2023$2,315 per active participant
2022$2,218 per active participant

Engage Technologies Corporation's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
CHRISTENSEN GROUP FINANCIAL LLC · Investment advisory (plan)$48,423
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$11,731

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$60,154 · 0.30%
2023$66,052 · 0.40%
2022$47,932 · 0.37%
Similar plansManufacturing · Minnesota
Water Gremlin Co. MN$22.0M · 0.33%
Avr, LLC MN$21.9M · 0.00%
Circuit Check, Inc. MN$21.3M · 0.33%
Viterra USA LLC MN$20.9M · 0.15%
Reviva, Inc. MN$20.8M · 0.31%
Innovize MN$20.2M · 0.30%
Dynamic Air Inc. MN$20.2M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364580303 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.