Plan Ledger DOL Form 5500 · updated monthly

H.M. Cragg CompanyESOP

H. M. CRAGG CO. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST · EDINA, MN · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

H.M. Cragg Company reported $2,185 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $6,531 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 840th-largest of 1,918 plans among Minnesota employers on file, and the 1,745th of 4,246 in wholesale trade. active participation has grown from 123 to 140 since 2022.

Plan summary
Net assets, end of year$22,193,682
Participants with balances165
Active participants140
Employer contributions$914,295
Employee contributions—
Employer contribution per active participant$6,531
Average account balance$134,507
Benefits paid to participants$493,380
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.2M · 165 accts · $914K emplr
2023$17.5M · 159 accts · $830K emplr
2022$12.1M · 139 accts · $641K emplr
Employer contributions to the H.M. Cragg Company plan · 2024
Employer contribution per active participant$6,531
Median for plans this size$2,416
2024$6,531 per active participant
2023$5,926 per active participant
2022$5,212 per active participant

H.M. Cragg 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.

Administrative cost history3
2024$2,185 · 0.01%
2023Not separately reported
2022Not separately reported
All plans at this employer2
H.M. CRAGG COMPANY 401(K) PROFIT SHARING PLAN401(k)
H. M. CRAGG CO. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUSTESOP
Same employer
Similar plansWholesale Trade · Minnesota
Dick Family, Inc. MN$25.6M · 0.01%
Applied Products, Inc. MN$24.1M · 0.13%
Herregan Distributors, Inc. MN$23.4M · 0.11%
Baldwin Supply Company MN$21.9M · 0.30%
Mason Brothers Company MN$21.8M · 0.27%
Herc-U-Lift, Inc. MN$21.7M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410948899 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.