Plan Ledger DOL Form 5500 · updated monthly

Foley & Mansfield, Pllp401(k)

FOLEY & MANSFIELD PROFIT SHARING PLAN · MINNEAPOLIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Foley & Mansfield, Pllp reported $111,979 in plan administrative expenses for 2024: 0.16% of average plan assets, above the peer median. Employer contributions averaged $3,919 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 0.15% to 0.16%. 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 357th-largest of 1,918 plans among Minnesota employers on file, and the 1,962nd of 11,654 in professional & technical services. In 2024, employees put in $2.62 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$73,921,202
Participants with balances447
Active participants233
Employer contributions$913,074
Employee contributions$2,388,871
Employer contribution per active participant$3,919
Average account balance$165,372
Benefits paid to participants$10,201,585
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$73.9M · 447 accts · $913K emplr
2023$70.5M · 463 accts · $934K emplr
2022$65.7M · 462 accts · $997K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,783
Investment management$54,825
Trustee / custodial$47,371
Total administrative$111,979
The Foley & Mansfield, Pllp 401(k) match · 2024
Employer contribution per active participant$3,919
Median for plans this size$3,635
2024$3,919 per active participant
2023$4,009 per active participant
2022$4,122 per active participant

Foley & Mansfield, Pllp's 2024 employer contribution ran above the $3,635 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 · 20242
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$57,154
MORGAN STANLEY SMITH BARNEY LLC · Investment advisory (plan) · Investment management$54,825

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

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

Administrative cost history3
2024$111,979 · 0.16%
2023$103,310 · 0.15%
2022$108,404 · 0.15%
Same employer
Similar plansProfessional & Technical Services · Minnesota
Scantron Corporation MN$82.5M · 0.08%
I & S Group, Inc. MN$75.8M · 0.01%
Emp Serv, LLC MN$72.4M · 0.31%
Bergankdv, LTD MN$71.5M · 0.01%
Zelle LLP MN$69.5M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411646736 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.