Plan Ledger DOL Form 5500 · updated monthly

Insulation Distributors, Inc.401(k)

INSULATION DISTRIBUTORS, INC. 401(K) PLAN · CHANHASSEN, MN · plan year 2024

Reported admin expense ratio · 2024
0.60%

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

Insulation Distributors, Inc. reported $124,997 in plan administrative expenses for 2024: 0.60% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,254 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 rose from 0.56% to 0.60%. 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 828th-largest of 1,918 plans among Minnesota employers on file, and the 1,691st of 4,246 in wholesale trade. In 2024, employees put in $3.63 for every $1.00 the employer contributed; active participation has grown from 519 to 614 since 2022.

Plan summary
Net assets, end of year$22,881,148
Participants with balances703
Active participants614
Employer contributions$769,861
Employee contributions$2,793,353
Employer contribution per active participant$1,254
Average account balance$32,548
Benefits paid to participants$2,291,372
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.9M · 703 accts · $770K emplr
2023$18.5M · 678 accts · $704K emplr
2022$14.1M · 625 accts · $334K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$124,997
Total administrative$124,997
The Insulation Distributors, Inc. 401(k) match · 2024
Employer contribution per active participant$1,254
Median for plans this size$2,416
2024$1,254 per active participant
2023$1,208 per active participant
2022$643 per active participant

Insulation Distributors, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20245
UBS FINANCIAL SERVICES · Investment advisory (plan)$48,196
GOLDLEAF PARTNERS SERVICES$45,188
ASCENSUS HOLDINGS INC DBA FUTUREPLA · Contract administrator$13,816
EMPOWER ADVISORY GROUP, LLC · Investment management$6,758

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$124,997 · 0.60%
2023$90,546 · 0.56%
2022$86,005 · 0.56%
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%
H.M. Cragg Company MN$22.2M · 0.01%
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 411358695 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.