Plan Ledger DOL Form 5500 · updated monthly

Johnson Screens, Inc.401(k)

JOHNSON SCREENS, INC. 401(K) SAVINGS PLAN · NEW BRIGHTON, MN · plan year 2023

Reported admin expense ratio · 2023
0.40%

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

Johnson Screens, Inc. reported $132,555 in plan administrative expenses for 2023: 0.40% of average plan assets, above the peer median. Employer contributions averaged $2,945 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 0.43% to 0.39%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other construction employers. By assets it is the 625th-largest of 1,918 plans among Minnesota employers on file, and the 1,389th of 5,337 in construction. In 2023, employees put in $1.91 for every $1.00 the employer contributed; active participation has grown from 327 to 370 since 2022.

Plan summary
Net assets, end of year$34,536,649
Participants with balances353
Active participants370
Employer contributions$1,089,739
Employee contributions$2,084,943
Employer contribution per active participant$2,945
Average account balance$97,838
Benefits paid to participants$3,630,709
Plan auditUnmodified (clean) audit opinion
AuditorOLSEN THIELEN & CO., LTD.
Plan history3
Yearassets · accounts · employer contribution
2024$34.1M · 358 accts · $1.1M emplr
2023$34.5M · 353 accts · $1.1M emplr
2022$31.0M · 319 accts · $988K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$47,625
Investment management$68,430
Audit (IQPA)$16,500
Total administrative$132,555
The Johnson Screens, Inc. 401(k) match · 2023
Employer contribution per active participant$2,945
Median for plans this size$2,440
2024$2,641 per active participant
2023$2,945 per active participant
2022$3,022 per active participant

Johnson Screens, Inc.'s 2023 employer contribution ran above 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
ABBEY STREET LLC · Investment advisory (plan)$68,430
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$47,625
OLSEN THIELEN & CO. LTD. · Accounting / audit$16,500

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$133,975 · 0.39%
2023$132,555 · 0.40%
2022$142,638 · 0.43%
Same employer
Similar plansConstruction · Minnesota
Knutson Holdings, Inc. MN$39.5M · 0.36%
Paladin Technologies MN$35.3M · 0.27%
Tl Nexlevel, LLC MN$35.1M · 0.32%
Sign-Zone, LLC MN$29.6M · 0.21%
Fagen, Inc. MN$29.4M · 0.19%
Abhe & Svoboda, Inc. MN$28.6M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330764792 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.