Plan Ledger DOL Form 5500 · updated monthly

Felhaber, Larson, Fenlon,Vogt, P.A.401(k)

THE FELHABER, LARSON, FENLON & VOGT, P.A. EMPLOYEE SAVINGS & PROFIT SHARING PLAN · MINNEAPOLIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Felhaber, Larson, Fenlon,Vogt, P.A. reported $193,675 in plan administrative expenses for 2024: 0.24% of average plan assets, higher than ~75% of peers. Employer contributions averaged $23,127 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 3 years on file its reported administrative ratio has held roughly steady near 0.237%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 317th-largest of 1,918 plans among Minnesota employers on file, and the 1,739th of 11,654 in professional & technical services. In 2024, the employer put in $2.12 for every $1.00 employees contributed themselves; active participation has grown from 60 to 73 since 2022.

Plan summary
Net assets, end of year$85,671,091
Participants with balances115
Active participants73
Employer contributions$1,688,276
Employee contributions$795,061
Employer contribution per active participant$23,127
Average account balance$744,966
Benefits paid to participants$5,950,813
Plan auditUnmodified (clean) audit opinion
AuditorOLSEN THIELEN & CO, LTD.
Plan history3
Yearassets · accounts · employer contribution
2024$85.7M · 115 accts · $1.7M emplr
2023$77.8M · 115 accts · $1.7M emplr
2022$68.5M · 105 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$62,479
Investment management$99,346
Audit (IQPA)$12,750
Trustee / custodial$19,100
Total administrative$193,675
The Felhaber, Larson, Fenlon,Vogt, P.A. 401(k) match · 2024
Employer contribution per active participant$23,127
Median for plans this size$3,635
2024$23,127 per active participant
2023$23,106 per active participant
2022$21,635 per active participant

Felhaber, Larson, Fenlon,Vogt, P.A.'s 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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 · 20244
MILLIMAN INC. · Recordkeeping · Loan processing$62,479
RBC WEALTH MANAGEMENT · Investment advisory (participants) · Investment advisory (plan)$41,250
MATRIX TRUST COMPANY · Custodial (securities) · Trustee (directed)$19,100
OLSEN THIELEN CO · Accounting / audit$12,750

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

Recordkeeper by year2
2024Milliman
2023Milliman

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

Administrative cost history3
2024$193,675 · 0.24%
2023$167,024 · 0.23%
2022$180,939 · 0.24%
Similar plansProfessional & Technical Services · Minnesota
Rsp Architects, LTD MN$91.5M · 0.01%
Antea USA, Inc. MN$90.3M · 0.03%
Isg Difference, Inc. MN$89.6M · 0.01%
Maslon, LLP MN$84.4M · 0.08%
Scantron Corporation MN$82.5M · 0.08%
I & S Group, Inc. MN$75.8M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410991071 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.