Plan Ledger DOL Form 5500 · updated monthly

John Henry Foster Mn, Inc.401(k)

JOHN HENRY FOSTER MINNESOTA, INC. 401(K) PROFIT SHARING PLAN · EAGAN, MN · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

John Henry Foster Mn, Inc. reported $91,117 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $855 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 3 years on file its reported administrative ratio has held roughly steady near 0.33%. 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 623rd-largest of 1,918 plans among Minnesota employers on file, and the 1,176th of 4,246 in wholesale trade. In 2024, employees put in $9.01 for every $1.00 the employer contributed; active participation has grown from 126 to 269 since 2022.

Plan summary
Net assets, end of year$34,660,125
Participants with balances325
Active participants269
Employer contributions$230,000
Employee contributions$2,071,643
Employer contribution per active participant$855
Average account balance$106,647
Benefits paid to participants$2,432,580
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$34.7M · 325 accts · $230K emplr
2023$20.9M · 196 accts · $653K emplr
2022$15.3M · 146 accts · $280K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$46,699
Investment management$44,418
Total administrative$91,117
The John Henry Foster Mn, Inc. 401(k) match · 2024
Employer contribution per active participant$855
Median for plans this size$2,416
2024$855 per active participant
2023$3,081 per active participant
2022$2,219 per active participant

John Henry Foster Mn, 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$47,449
NFP RETIREMENT, INC · Investment advisory (plan)$44,418

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$91,117 · 0.33%
2023$62,146 · 0.34%
2022$58,382 · 0.34%
Same employer
Similar plansWholesale Trade · Minnesota
Nuss Truck Group Inc. MN$47.0M · 0.31%
Decopac, Inc. MN$36.7M · 0.28%
Lindstrom, LLC MN$34.0M · 0.29%
Uhl Company, Inc. MN$32.6M · 0.21%
Power/Mation Division, Inc. MN$32.5M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411464257 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.