Plan Ledger DOL Form 5500 · updated monthly

Holland Enterprises, Inc.401(k)

HOLLAND ENTERPRISES, INC. 401(K) RETIREMENT PLAN · MAPLETON, ND · plan year 2023

Reported admin expense ratio · 2023
0.37%

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

Holland Enterprises, Inc. reported $40,256 in plan administrative expenses for 2023: 0.37% of average plan assets, above the peer median. Employer contributions averaged $1,543 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 fell from 0.41% to 0.37%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in North Dakota (162nd of 279), and the 1,031st of 2,677 in transportation & warehousing. In 2023, employees put in $2.56 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,102,000
Participants with balances209
Active participants297
Employer contributions$458,223
Employee contributions$1,174,095
Employer contribution per active participant$1,543
Average account balance$57,904
Benefits paid to participants$1,032,846
Plan auditUnmodified (clean) audit opinion
AuditorREDPATH AND COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $212K emplr
2023$12.1M · 209 accts · $458K emplr
2022$9.8M · 226 accts · $589K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$8,556
Investment management$31,700
Total administrative$40,256
The Holland Enterprises, Inc. 401(k) match · 2023
Employer contribution per active participant$1,543
Median for plans this size$2,440
2023$1,543 per active participant
2022$2,128 per active participant

Holland Enterprises, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
UNITED OF OMAHA · Loan processing · Recordkeeping$8,556
STADION MONEY MANAGEMENT · Investment advisory (participants)$31,700
MUTUAL OF OMAHA · Other servicesindirect comp

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

Recordkeeper by year2
2024Mutual of Omaha
2023Mutual of Omaha

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

Administrative cost history3
2024Not separately reported
2023$40,256 · 0.37%
2022$41,739 · 0.41%
Same employer
Similar plansTransportation & Warehousing · North Dakota
Magnum, LTD. ND$43.1M · 0.35%
Sfh, Inc. ND$20.3M · 0.44%
Beco, Inc. ND$6.6M · 0.36%
S & S Transport, Inc. ND$4.4M · 0.66%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450419854 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.