Plan Ledger DOL Form 5500 · updated monthly

Grace Management, Inc.401(k)

GRACE MANAGEMENT 401(K) PLAN · MAPLE GROVE, MN · plan year 2024

Reported admin expense ratio · 2024
0.98%

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

Grace Management, Inc. reported $88,200 in plan administrative expenses for 2024: 0.98% of average plan assets, higher than ~75% of peers. Employer contributions averaged $55 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 3.15% to 0.98%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Minnesota (1,279th of 1,918), and 1,082nd of 2,096 in real estate & leasing. In 2024, employees put in $26.57 for every $1.00 the employer contributed; active participation has shrunk from 2,928 to 1,824 since 2022.

Plan summary
Net assets, end of year$10,470,159
Participants with balances2,597
Active participants1,824
Employer contributions$99,468
Employee contributions$2,642,746
Employer contribution per active participant$55
Average account balance$4,032
Benefits paid to participants$1,032,913
Plan auditUnmodified (clean) audit opinion
AuditorBOULAY
Plan history3
Yearassets · accounts · employer contribution
2024$10.5M · 2,597 accts · $99K emplr
2023$7.6M · 2,093 accts · $100K emplr
2022$5.2M · 2,102 accts · $111K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$77,842
Investment management$10,358
Total administrative$88,200
The Grace Management, Inc. 401(k) match · 2024
Employer contribution per active participant$55
Median for plans this size$1,313
2024$55 per active participant
2023$28 per active participant
2022$38 per active participant

Grace Management, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$119,954
NFP RETIREMENT, INC. · Investment advisory (plan)$10,357

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 Grace Management, 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$88,200 · 0.98%
2023$132,154 · 2.08%
2022$157,771 · 3.15%
Same employer
Similar plansReal Estate & Leasing · Minnesota
SA Support Services, Inc. MN$12.5M · 0.56%
Great Lakes Management MN$11.5M · 1.10%
Stuartco MN$11.2M · 0.64%
Doran Companies LLC MN$9.9M · 0.03%
Roers Companies MN$8.9M · 0.77%

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Source: U.S. Department of Labor, Form 5500 series, EIN 760117314 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.