Plan Ledger DOL Form 5500 · updated monthly

Frisbees, Inc.401(k)

FRISBEE'S INC. 401(K) PLAN · SIOUX FALLS, SD · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Frisbees, Inc. reported $64,582 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,964 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 3 years on file its reported administrative ratio has held roughly steady near 0.51%. 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 among the smaller plans on file in South Dakota (117th of 233), and 2,714th of 5,337 in construction. In 2024, employees put in $1.45 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,764,361
Participants with balances156
Active participants132
Employer contributions$391,288
Employee contributions$565,994
Employer contribution per active participant$2,964
Average account balance$81,823
Benefits paid to participants$1,231,373
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.8M · 156 accts · $391K emplr
2023$12.5M · 153 accts · $546K emplr
2022$10.2M · 146 accts · $374K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,224
Investment management$23,358
Total administrative$64,582
The Frisbees, Inc. 401(k) match · 2024
Employer contribution per active participant$2,964
Median for plans this size$2,416
2024$2,964 per active participant
2023$4,370 per active participant
2022$2,814 per active participant

Frisbees, Inc.'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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$36,728
RIA ADVISORY GROUP · Investment advisory (plan)$23,348
DEFINITI · Contract administrator · Other services$4,467
WILSHIRE ASSOCIATES INC. · 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$64,582 · 0.51%
2023$54,414 · 0.47%
2022$51,428 · 0.49%
Same employer
Similar plansConstruction · South Dakota
Muth Electric Inc SD$42.5M · 0.33%
Journey Group Companies SD$26.1M · 0.72%
Midwestern Mechanical, Inc. SD$13.3M · 0.62%
Krohmer Plumbing SD$9.0M · 0.16%
Howe, Inc. SD$8.4M · 0.41%
Thermo Bond Buildings LLC SD$4.4M · 1.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460356414 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.