Plan Ledger DOL Form 5500 · updated monthly

J.H. Larson Electrical Company401(k)

J. H. LARSON ELECTRICAL COMPANY 401(K) RETIREMENT PLAN · PLYMOUTH, MN · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

J.H. Larson Electrical Company reported $53,766 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $2,549 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 0.27% to 0.28%. 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 910th-largest of 1,918 plans among Minnesota employers on file, and the 1,942nd of 4,246 in wholesale trade. In 2024, employees put in $2.15 for every $1.00 the employer contributed; active participation has grown from 162 to 183 since 2022.

Plan summary
Net assets, end of year$19,448,466
Participants with balances219
Active participants183
Employer contributions$466,423
Employee contributions$1,003,875
Employer contribution per active participant$2,549
Average account balance$88,806
Benefits paid to participants$2,103,420
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.4M · 219 accts · $466K emplr
2023$19.0M · 216 accts · $214K emplr
2022$16.6M · 201 accts · $782K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,312
Investment management$21,154
Trustee / custodial$27,300
Total administrative$53,766
The J.H. Larson Electrical Company 401(k) match · 2024
Employer contribution per active participant$2,549
Median for plans this size$2,416
2024$2,549 per active participant
2023$1,196 per active participant
2022$4,828 per active participant

J.H. Larson Electrical Company's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$32,612
ALERUS INVESTMENT ADVISORS, INC. · Investment advisory (participants) · Investment advisory (plan)$21,154

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

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Administrative cost history3
2024$53,766 · 0.28%
2023$48,569 · 0.27%
2022$45,834 · 0.27%
Same employer
Similar plansWholesale Trade · Minnesota
Macqueen Equipment, LLC MN$19.6M · 0.60%
Waytek, Inc. MN$19.5M · 0.03%
Mti Distributing Inc. MN$19.5M · 0.04%
Wheeler Consolidated, Inc. MN$18.9M · 0.28%
Nuway-K&H Cooperative MN$18.8M · 0.42%
Total Tool Supply, Inc. MN$18.8M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410747453 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.