Plan Ledger DOL Form 5500 · updated monthly

Genz-Ryan Plumbing & Heating Company401(k)

GENZ-RYAN PLUMBING & HEATING COMPANY 401(K) PROFIT SHARING PLAN · BURNSVILLE, MN · plan year 2024

Reported admin expense ratio · 2024
0.87%

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

Genz-Ryan Plumbing & Heating Company reported $53,680 in plan administrative expenses for 2024: 0.87% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,241 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 1.17% to 0.87%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Minnesota (1,486th of 1,918), and 3,703rd of 5,337 in construction. In 2024, employees put in $1.91 for every $1.00 the employer contributed; active participation has shrunk from 159 to 83 since 2022.

Plan summary
Net assets, end of year$6,312,114
Participants with balances107
Active participants83
Employer contributions$103,036
Employee contributions$197,281
Employer contribution per active participant$1,241
Average account balance$58,992
Benefits paid to participants$686,601
Plan auditUnmodified (clean) audit opinion
AuditorLB CARLSON, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$6.3M · 107 accts · $103K emplr
2023$6.1M · 119 accts · $138K emplr
2022$6.0M · 549 accts · $185K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$53,680
Total administrative$53,680
The Genz-Ryan Plumbing & Heating Company 401(k) match · 2024
Employer contribution per active participant$1,241
Median for plans this size$1,313
2024$1,241 per active participant
2023$1,357 per active participant
2022$1,166 per active participant

Genz-Ryan Plumbing & Heating Company's 2024 employer contribution ran below the $1,313 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 · 20242
FUTUREPLAN BY ASCENSUS · Recordkeeping$9,264
LINCOLN NATIONAL CORPORATION · Contract administrator$44,416

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$53,680 · 0.87%
2023$82,141 · 1.36%
2022$78,172 · 1.17%
Same employer
Similar plansConstruction · Minnesota
Berg Group, LLC MN$7.9M · 0.22%
Universal Services, Inc. MN$7.5M · 0.15%
Air Mechanical, Inc. MN$6.1M · 0.77%
Thermo-Tech Windows, LLC MN$5.9M · 0.95%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 410684554 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.