Plan Ledger DOL Form 5500 · updated monthly

Episource LLC401(k)

EPISOURCE LLC 401(K) PLAN · MINNETONKA, MN · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

Episource LLC reported $73,830 in plan administrative expenses for 2024: 0.57% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,988 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 0.54% to 0.57%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in Minnesota (1,082nd of 1,918), and 1,232nd of 2,199 in information & media. In 2024, employees put in $3.05 for every $1.00 the employer contributed; active participation has grown from 308 to 351 since 2022.

Plan summary
Net assets, end of year$14,777,844
Participants with balances455
Active participants351
Employer contributions$697,870
Employee contributions$2,129,654
Employer contribution per active participant$1,988
Average account balance$32,479
Benefits paid to participants$1,186,664
Plan history4
Yearassets · accounts · employer contribution
2025$0
2024$14.8M · 455 accts · $698K emplr
2023$11.0M · 366 accts · $617K emplr
2022$7.3M · 322 accts · $657K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,428
Investment management$29,626
Audit (IQPA)$11,776
Total administrative$73,830
The Episource LLC 401(k) match · 2024
Employer contribution per active participant$1,988
Median for plans this size$2,416
2024$1,988 per active participant
2023$1,838 per active participant
2022$2,134 per active participant

Episource LLC's 2024 employer contribution ran below 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 · 20243
FIDELITY INVEST INSTIT OPS CO. LLC · Loan processing$32,428
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$29,626
BAKER TILLY US, LLP · Accounting / audit$11,776

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

Administrative cost history4
2025Not separately reported
2024$73,830 · 0.57%
2023$54,082 · 0.59%
2022$37,203 · 0.54%
Same employer
Similar plansInformation & Media · Minnesota
Sezzle, Inc. MN$20.7M · 0.48%
Field Nation, LLC MN$16.7M · 0.52%
When I Work, Inc. MN$14.0M · 0.44%
Ourfamilywizard, LLC MN$8.8M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 204761361 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.