Plan Ledger DOL Form 5500 · updated monthly

General Equipment & Supplies, Inc.401(k)

GENERAL EQUIPMENT & SUPPLIES, INC. 401(K) · FARGO, ND · plan year 2025

Reported admin expense ratio · 2025
0.42%

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

General Equipment & Supplies, Inc. reported $151,818 in plan administrative expenses for 2025: 0.42% of average plan assets, above the peer median. Employer contributions averaged $3,752 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 4 years on file its reported administrative ratio has held roughly steady near 0.423%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other manufacturing employers. By assets it is the 68th-largest of 279 plans among North Dakota employers on file, and the 3,790th of 13,661 in manufacturing. In 2025, employees put in $2.03 for every $1.00 the employer contributed; active participation has shrunk from 261 to 233 since 2022.

Plan summary
Net assets, end of year$38,494,212
Participants with balances287
Active participants233
Employer contributions$874,110
Employee contributions$1,772,627
Employer contribution per active participant$3,752
Average account balance$134,126
Benefits paid to participants$2,971,102
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$38.5M · 287 accts · $874K emplr
2024$33.3M · 283 accts · $867K emplr
2023$27.7M · 268 accts · $825K emplr
2022$24.0M · 242 accts · $735K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$4,599
Audit (IQPA)$11,576
Trustee / custodial$135,643
Total administrative$151,818
The General Equipment & Supplies, Inc. 401(k) match · 2025
Employer contribution per active participant$3,752
Median for plans this size$2,666
2025$3,752 per active participant
2024$3,626 per active participant
2023$3,000 per active participant
2022$2,815 per active participant

General Equipment & Supplies, Inc.'s 2025 employer contribution ran above the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20255
EPIC RETIREMENT PLAN SERVICES · Recordkeeping · Loan processingindirect comp
HEARTLAND TRUST COMPANY · Trustee$140,241
EIDE BAILLY LLP · Accounting / audit$11,576
CHARLES SCHWAB TRUST BANK · Custodial (securities)indirect comp

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

Recordkeeper by year3
2025EPIC RPS
2024EPIC RPS
2023EPIC RPS

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

Administrative cost history4
2025$151,818 · 0.42%
2024$135,509 · 0.44%
2023$114,651 · 0.44%
2022$112,516 · 0.42%
Same employer
Similar plansManufacturing · North Dakota
Dakota Gasification Company ND$253.0M · 0.06%
Rommesmo Companies ND$57.5M · 0.27%
Steffes, LLC ND$54.2M · 0.56%
Hebron Companies, Inc. ND$32.6M · 0.00%
Tmi Group Incorporated ND$30.5M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450382112 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.