Plan Ledger DOL Form 5500 · updated monthly

Fond du Lac Reservation Business Committee401(k)

FOND DU LAC EMPLOYEE RETIREMENT PLAN · CLOQUET, MN · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Fond du Lac Reservation Business Committee reported $254,314 in plan administrative expenses for 2024: 0.25% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,319 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 fell from 0.32% to 0.25%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is the 256th-largest of 1,918 plans among Minnesota employers on file, and the 90th of 1,311 in arts, entertainment & recreation. In 2024, employees put in $1.66 for every $1.00 the employer contributed; active participation has grown from 1,490 to 1,675 since 2022.

Plan summary
Net assets, end of year$110,733,563
Participants with balances2,400
Active participants1,675
Employer contributions$3,884,983
Employee contributions$6,436,710
Employer contribution per active participant$2,319
Average account balance$46,139
Benefits paid to participants$8,665,095
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$110.7M · 2,400 accts · $3.9M emplr
2023$96.6M · 2,183 accts · $3.5M emplr
2022$82.1M · 2,160 accts · $3.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$121,044
Investment management$133,270
Total administrative$254,314
The Fond du Lac Reservation Business Committee 401(k) match · 2024
Employer contribution per active participant$2,319
Median for plans this size$3,635
2024$2,319 per active participant
2023$2,226 per active participant
2022$2,235 per active participant

Fond du Lac Reservation Business Committee's 2024 employer contribution ran below 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 · 20243
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$121,044
CBIZ FINANCIAL SOLUTIONS, INC. · Consulting · Insurance services$133,271
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$254,314 · 0.25%
2023$145,282 · 0.16%
2022$287,949 · 0.32%
Same employer
Similar plansArts, Entertainment & Recreation · Minnesota
Life Time, Inc. MN$332.0M · 0.27%
Minnesota Twins, LLC MN$75.4M · 0.12%
Moac Mall Holdings LLC MN$62.6M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410965719 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.