Plan Ledger DOL Form 5500 · updated monthly

Foss North America, Inc.401(k)

FOSS NORTH AMERICA, INC. 401(K) SAVINGS PLAN · EDEN PRAIRIE, MN · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Foss North America, Inc. reported $7,472 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $13,592 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 728th-largest of 1,918 plans among Minnesota employers on file, and the 1,441st of 4,246 in wholesale trade. In 2024, the employer put in $1.27 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$27,920,659
Participants with balances132
Active participants95
Employer contributions$1,291,194
Employee contributions$1,018,431
Employer contribution per active participant$13,592
Average account balance$211,520
Benefits paid to participants$4,542,405
Plan auditUnmodified (clean) audit opinion
AuditorOLSON THIELEN & CO., LTD
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,472
Total administrative$7,472
The Foss North America, Inc. 401(k) match · 2024
Employer contribution per active participant$13,592
Median for plans this size$2,416

Foss North America, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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
CAPITAL MANAGEMENT ASSOCIATES INC · Investment advisory (plan)$51,637
CAPITAL GROUP RETIREMENT PLAN$1,650

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

Administrative cost history1
2024$7,472 · 0.03%
Same employer
Similar plansWholesale Trade · Minnesota
Power/Mation Division, Inc. MN$32.5M · 0.01%
Katun Corporation MN$32.2M · 0.16%
Upper Lakes Foods, Inc. MN$29.9M · 0.24%
Hartfiel Automation, Inc. MN$27.3M · 0.10%
Dick Family, Inc. MN$25.6M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411529328 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.