Plan Ledger DOL Form 5500 · updated monthly

High Bar Brands Operating, LLC401(k)

HIGH BAR BRANDS 401(K) PLAN · OWATONNA, MN · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

High Bar Brands Operating, LLC reported $45,314 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $4,548 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 0.49% to 0.34%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Minnesota (1,092nd of 1,918), and 7,239th of 13,661 in manufacturing. In 2024, employees put in $1.10 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,501,375
Participants with balances183
Active participants154
Employer contributions$700,465
Employee contributions$772,745
Employer contribution per active participant$4,548
Average account balance$79,242
Benefits paid to participants$633,371
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.5M · 183 accts · $700K emplr
2023$12.1M · 180 accts · $636K emplr
2022$9.8M · 157 accts · $630K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,314
Total administrative$45,314
The High Bar Brands Operating, LLC 401(k) match · 2024
Employer contribution per active participant$4,548
Median for plans this size$2,416
2024$4,548 per active participant
2023$4,385 per active participant
2022$4,172 per active participant

High Bar Brands Operating, LLC'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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$45,314

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

Administrative cost history3
2024$45,314 · 0.34%
2023$35,128 · 0.32%
2022$33,277 · 0.49%
Same employer
Similar plansManufacturing · Minnesota
Aveka Group, Inc. MN$15.0M · 0.05%
Bell Lumber & Pole Company MN$14.6M · 0.55%
Bermo, Inc. MN$14.5M · 0.32%
Apg Cash Drawer, LLC MN$14.3M · 0.02%
Modernistic, Inc. MN$14.3M · 0.03%
Aurora Pharmaceutical, Inc. MN$14.1M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 844060098 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.