Plan Ledger DOL Form 5500 · updated monthly

Everidge, Inc.401(k)

EVERIDGE EMPLOYEE 401(K) PLAN · PLYMOUTH, MN · plan year 2024

Reported admin expense ratio · 2024
0.68%

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

Everidge, Inc. reported $120,149 in plan administrative expenses for 2024: 0.68% of average plan assets, higher than ~90% of peers. Employer contributions averaged $991 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 0.22% to 0.68%. 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 919th-largest of 1,918 plans among Minnesota employers on file, and the 6,086th of 13,661 in manufacturing. In 2024, employees put in $3.11 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,168,716
Participants with balances708
Active participants498
Employer contributions$493,446
Employee contributions$1,535,275
Employer contribution per active participant$991
Average account balance$27,074
Benefits paid to participants$1,043,914
Plan auditUnmodified (clean) audit opinion
AuditorABDO, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$19.2M · 708 accts · $493K emplr
2023$16.1M · 643 accts · $430K emplr
2022$12.9M · 529 accts · $342K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$67,779
Investment management$42,870
Audit (IQPA)$9,500
Total administrative$120,149
The Everidge, Inc. 401(k) match · 2024
Employer contribution per active participant$991
Median for plans this size$2,416
2024$991 per active participant
2023$846 per active participant
2022$698 per active participant

Everidge, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$67,779
CREATIVE PLANNING LLC · Investment advisory (plan)$42,870
ABDO · Accounting / audit$9,500

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

Recordkeeper by year2
2024Transamerica
2023Ascensus, Transamerica

This plan has changed recordkeepers within these filings. If you left Everidge, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$120,149 · 0.68%
2023$78,781 · 0.54%
2022$31,138 · 0.22%
Same employer
Similar plansManufacturing · Minnesota
Trystar, LLC MN$19.8M · 0.05%
H2O Innovation USA, Inc. MN$18.6M · 0.48%
Intek Plastics Inc. MN$18.4M · 0.20%
American Spirit Corporation MN$17.9M · 0.22%
Demmer Investments III, Inc MN$17.8M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 203688273 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.