Plan Ledger DOL Form 5500 · updated monthly

Flynn America LP401(k)

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

Reported admin expense ratio · 2024
0.35%

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

Flynn America LP reported $164,784 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $2,417 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 0.18% to 0.35%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 489th-largest of 1,918 plans among Minnesota employers on file, and the 1,041st of 5,337 in construction. In 2024, employees put in $1.28 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$50,866,131
Participants with balances1,143
Active participants1,332
Employer contributions$3,219,218
Employee contributions$4,129,043
Employer contribution per active participant$2,417
Average account balance$44,502
Benefits paid to participants$6,850,757
Plan auditUnmodified (clean) audit opinion
AuditorOLSEN & THIELEN & CO., LTD
Plan history3
Yearassets · accounts · employer contribution
2024$50.9M · 1,143 accts · $3.2M emplr
2023$44.4M · 1,255 accts · $2.3M emplr
2022$36.1M · 1,393 accts · $2.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$159,784
Total administrative$164,784
The Flynn America LP 401(k) match · 2024
Employer contribution per active participant$2,417
Median for plans this size$2,416
2024$2,417 per active participant
2023$1,793 per active participant
2022$1,646 per active participant

Flynn America LP's 2024 employer contribution ran above 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$159,784
OLSON THEILEN · Accounting / audit$5,000
GLOBAL RETIREMENT PARTNERS 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$164,784 · 0.35%
2023$61,484 · 0.15%
2022$63,231 · 0.18%
Same employer
Similar plansConstruction · Minnesota
Omni Workspace Company LLC MN$55.5M · 0.06%
Central Specialties, Inc. MN$54.9M · 0.27%
Kraemer North America, LLC MN$53.9M · 0.20%
Pec Solutions LLC MN$50.7M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 412228936 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.