Plan Ledger DOL Form 5500 · updated monthly

Floe International, Inc.401(k)

FLOE INTERNATIONAL, INC. 401(K) PLAN · MCGREGOR, MN · plan year 2024

Reported admin expense ratio · 2024
0.55%

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

Floe International, Inc. reported $25,844 in plan administrative expenses for 2024: 0.55% of average plan assets, above the peer median. Employer contributions averaged $807 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 0.10% to 0.55%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Minnesota (1,588th of 1,918), and 11,167th of 13,661 in manufacturing. In 2024, employees put in $3.93 for every $1.00 the employer contributed; active participation has shrunk from 159 to 129 since 2022.

Plan summary
Net assets, end of year$5,058,339
Participants with balances101
Active participants129
Employer contributions$104,140
Employee contributions$409,036
Employer contribution per active participant$807
Average account balance$50,083
Benefits paid to participants$257,165
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.1M · 101 accts · $104K emplr
2023$4.3M · 103 accts · $117K emplr
2022$3.7M · 124 accts · $116K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,844
Total administrative$25,844
The Floe International, Inc. 401(k) match · 2024
Employer contribution per active participant$807
Median for plans this size$1,313
2024$807 per active participant
2023$857 per active participant
2022$728 per active participant

Floe International, Inc.'s 2024 employer contribution ran below the $1,313 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$24,538
TRITON WEALTH · Investment advisory (plan)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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

Administrative cost history3
2024$25,844 · 0.55%
2023$18,804 · 0.47%
2022$4,202 · 0.10%
Same employer
Similar plansManufacturing · Minnesota
Lakeview Industries, Inc. MN$5.2M · 0.13%
Hylife Foods Windom, LLC MN$5.2M · 1.05%
Brown-Wilbert, Inc. MN$5.0M · 0.68%
H. B. Fuller Co MN$4.6M · 0.38%
Beacon Promotions MN$4.6M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411746832 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.