Plan Ledger DOL Form 5500 · updated monthly

Fury Motors, Inc.401(k)

FURY MOTORS, INC. SALARY SAVINGS PLAN · SOUTH ST. PAUL, MN · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Fury Motors, Inc. reported $2,748 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,909 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 0.16% to 0.02%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Minnesota (1,159th of 1,918), and the 2,166th of 5,215 in retail trade. In 2024, employees put in $1.80 for every $1.00 the employer contributed; active participation has grown from 148 to 173 since 2022.

Plan summary
Net assets, end of year$12,818,151
Participants with balances268
Active participants173
Employer contributions$330,200
Employee contributions$593,229
Employer contribution per active participant$1,909
Average account balance$47,829
Benefits paid to participants$672,351
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.8M · 268 accts · $330K emplr
2023$10.8M · 226 accts · $354K emplr
2022$8.5M · 197 accts · $241K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,748
Total administrative$2,748
The Fury Motors, Inc. 401(k) match · 2024
Employer contribution per active participant$1,909
Median for plans this size$2,416
2024$1,909 per active participant
2023$1,916 per active participant
2022$1,629 per active participant

Fury Motors, Inc.'s 2024 employer contribution ran below 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 · 20241
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$57,619

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

Recordkeeper by year2
2024The Standard
2023Securian

This plan has changed recordkeepers within these filings. If you left Fury Motors, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$2,748 · 0.02%
2023$6,774 · 0.07%
2022$14,578 · 0.16%
Similar plansRetail Trade · Minnesota
Driessen Water, Inc. MN$13.1M · 0.58%
Fun.com, Inc. MN$12.3M · 0.42%
Twin Cities Co-Op Partners MN$12.3M · 0.63%
Valley Sales, Inc. MN$12.0M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410858831 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.