Plan Ledger DOL Form 5500 · updated monthly

Epika Fleet Services, Inc.401(k)

EPIKA FLEET SERVICES 401(K) PLAN · BLOOMINGTON, MN · plan year 2024

Reported admin expense ratio · 2024
0.98%

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

Epika Fleet Services, Inc. reported $57,038 in plan administrative expenses for 2024: 0.98% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,122 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 1.15% to 0.98%. 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 (1,485th of 1,918), and 2,101st of 3,341 in other services. In 2024, employees put in $1.73 for every $1.00 the employer contributed; active participation has grown from 245 to 479 since 2022.

Plan summary
Net assets, end of year$6,352,226
Participants with balances228
Active participants479
Employer contributions$537,641
Employee contributions$930,796
Employer contribution per active participant$1,122
Average account balance$27,861
Benefits paid to participants$1,172,039
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.4M · 228 accts · $538K emplr
2023$5.3M · 199 accts · $418K emplr
2022$1.2M · 87 accts · $205K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$56,851
Total administrative$57,038
The Epika Fleet Services, Inc. 401(k) match · 2024
Employer contribution per active participant$1,122
Median for plans this size$1,313
2024$1,122 per active participant
2023$990 per active participant
2022$836 per active participant

Epika Fleet Services, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20244
THE VANGUARD GROUP, INC. · Recordkeeping · Loan processing$25,220
SHEPHERD FINANCIAL INVESTMENT ADVIS · Investment advisory (plan)$23,796
SHEPHERD PLAN PARTNERS, LLC · Contract administrator$6,675
FUTUREPLAN BY ASCENSUS · Contract administrator$1,400

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$57,038 · 0.98%
2023$28,268 · 0.87%
2022$12,437 · 1.15%
Same employer
Similar plansOther Services · Minnesota
Safenet Consulting Inc MN$7.0M · 0.69%
Simonson's Salon & Spa MN$6.5M · 0.54%
The Arc Minnesota, Inc. MN$6.4M · 0.34%
Rs Eden MN$5.8M · 0.63%
Mini Kix, Inc. MN$5.8M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 814555083 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.