Plan Ledger DOL Form 5500 · updated monthly

Erdman Automation, Inc.401(k)

ERDMAN AUTOMATION, INC. 401(K) PLAN · PRINCETON, MN · plan year 2022

Reported admin expense ratio · 2022
0.89%

Erdman Automation, Inc. reported $27,893 in plan administrative expenses for 2022: 0.89% of average plan assets, higher than ~75% of peers. 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 manufacturing employers. By assets it is among the smaller plans on file in Minnesota (1,720th of 1,918), and 12,258th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$3,046,402
Participants with balances48
Active participants148
Employer contributions—
Employee contributions$267,901
Employer contribution per active participant—
Average account balance$63,467
Benefits paid to participants$26,001
Plan auditUnmodified (clean) audit opinion
AuditorBOECKERMANN GRAFSTROM & MAYER LLC
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$5,381
Investment management$22,512
Total administrative$27,893
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$27,893 · 0.89%
Same employer
Similar plansManufacturing · Minnesota
Premier Marine LLC MN$3.2M · 1.63%
Steinwall Incorporated MN$3.2M · 0.73%
Invest Cast Incorporated MN$2.8M · 0.23%
G.O. Fresh, Inc. MN$2.7M · 0.01%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 411764411 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.