Plan Ledger DOL Form 5500 · updated monthly

Greystone Construction Company401(k)

GREYSTONE CONSTRUCTION COMPANY EMPLOYEE SAVINGS PLAN · SHAKOPEE, MN · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Greystone Construction Company reported $56,840 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $4,440 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 1 year on file its reported administrative ratio rose from 0.34% to 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Minnesota (1,011th of 1,918), and the 2,301st of 5,337 in construction. In 2024, employees put in $1.93 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,600,224
Participants with balances191
Active participants147
Employer contributions$652,699
Employee contributions$1,261,468
Employer contribution per active participant$4,440
Average account balance$86,912
Benefits paid to participants$2,673,224
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$16.6M · 191 accts · $653K emplr
2023$15.0M · 172 accts · $952K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,646
Investment management$50,194
Total administrative$56,840
The Greystone Construction Company 401(k) match · 2024
Employer contribution per active participant$4,440
Median for plans this size$2,416
2024$4,440 per active participant
2023$7,267 per active participant

Greystone Construction Company's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20241
ALERUS FINANCIAL N.A. · Recordkeeping · Custodial (securities)$56,191

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

Recordkeeper by year2
2024Alerus
2023Alerus

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

Administrative cost history2
2024$56,840 · 0.36%
2023$44,208 · 0.34%
Same employer
Similar plansConstruction · Minnesota
Northern Air Corporation MN$16.9M · 0.47%
Gowan Construction, Inc. MN$16.8M · 0.39%
Anderson Group Inc. MN$15.8M · 0.36%
Water Resources Group, Inc. MN$15.5M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411585072 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.