Plan Ledger DOL Form 5500 · updated monthly

Fey Industries, Inc.401(k)

FEY INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN · EDGERTON, MN · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Fey Industries, Inc. reported $33,863 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $1,512 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 0.32%. 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 among the smaller plans on file in Minnesota (1,222nd of 1,918), and 8,221st of 13,661 in manufacturing. In 2024, employees put in $2.61 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,397,956
Participants with balances204
Active participants172
Employer contributions$260,108
Employee contributions$679,678
Employer contribution per active participant$1,512
Average account balance$55,872
Benefits paid to participants$701,266
Plan auditUnmodified (clean) audit opinion
AuditorFORGE FINANCIAL & MANAGEMENT
Plan history3
Yearassets · accounts · employer contribution
2024$11.4M · 204 accts · $260K emplr
2023$9.8M · 202 accts · $186K emplr
2022$8.2M · 209 accts · $195K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,863
Total administrative$33,863
The Fey Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$1,512
Median for plans this size$2,416
2024$1,512 per active participant
2023$1,093 per active participant
2022$1,138 per active participant

Fey Industries, Inc.'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 · 20241
ALERUS FINANCIAL, N.A. · Recordkeeping · Custodial (securities)$33,863

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

Recordkeeper by year2
2024Alerus
2023Alerus

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Administrative cost history3
2024$33,863 · 0.32%
2023$22,633 · 0.25%
2022$28,579 · 0.33%
Same employer
Similar plansManufacturing · Minnesota
Minmor Industries, LLC MN$12.1M · 0.08%
Electromed, Inc. MN$11.5M · 0.31%
Jonti-Craft, Inc. MN$11.5M · 0.49%
Halcon Furniture LLC MN$11.4M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411471888 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.