Plan Ledger DOL Form 5500 · updated monthly

Granite Tops, LLC401(k)

GRANITE TOPS, LLC 401(K) PLAN · COLD SPRING, MN · plan year 2025

Reported admin expense ratio · 2025
0.34%

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

Granite Tops, LLC reported $28,480 in plan administrative expenses for 2025: 0.34% of average plan assets, below the peer median. Employer contributions averaged $1,947 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 rose from 0.03% to 0.34%. The plan sits in the $1M–$10M size bracket, benchmarked here against 809 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Minnesota (1,376th of 1,918), and 9,376th of 13,661 in manufacturing. In 2025, employees put in $2.24 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,645,188
Participants with balances103
Active participants83
Employer contributions$161,622
Employee contributions$362,334
Employer contribution per active participant$1,947
Average account balance$83,934
Benefits paid to participants$817,915
Plan auditUnmodified (clean) audit opinion
AuditorMILLER WELLE HEISER & CO LTD
Plan history4
Yearassets · accounts · employer contribution
2025$8.6M · 103 accts · $162K emplr
2024$7.9M · 110 accts · $108K emplr
2023$6.8M · 107 accts · $114K emplr
2022$6.0M · 106 accts · $115K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$1,082
Investment management$27,398
Total administrative$28,480
The Granite Tops, LLC 401(k) match · 2025
Employer contribution per active participant$1,947
Median for plans this size$1,464
2025$1,947 per active participant
2024$1,225 per active participant
2023$1,347 per active participant
2022$1,287 per active participant

Granite Tops, LLC's 2025 employer contribution ran above the $1,464 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.

Administrative cost history4
2025$28,480 · 0.34%
2024$950 · 0.01%
2023$13,345 · 0.21%
2022$1,939 · 0.03%
Similar plansManufacturing · Minnesota
Advantek, LLC MN$9.5M · 0.43%
J & E Manufacturing Co. MN$9.0M · 0.53%
Warrior Mfg., LLC MN$8.6M · 0.38%
Xetex, LLC MN$8.6M · 0.72%
Summit Medical, LLC. MN$8.5M · 0.39%
Hiniker Company MN$8.4M · 0.70%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200944575 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.