Plan Ledger DOL Form 5500 · updated monthly

Journey Group Companies401(k)

JOURNEY GROUP 401(K) PLAN · SIOUX FALLS, SD · plan year 2024

Reported admin expense ratio · 2024
0.72%

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

Journey Group Companies reported $174,064 in plan administrative expenses for 2024: 0.72% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,264 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 0.67% to 0.72%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 73rd-largest of 233 plans among South Dakota employers on file, and the 1,683rd of 5,337 in construction. In 2024, employees put in $1.96 for every $1.00 the employer contributed; active participation has grown from 249 to 283 since 2022.

Plan summary
Net assets, end of year$26,140,109
Participants with balances405
Active participants283
Employer contributions$923,583
Employee contributions$1,813,770
Employer contribution per active participant$3,264
Average account balance$64,543
Benefits paid to participants$1,839,505
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$26.1M · 405 accts · $924K emplr
2023$22.1M · 387 accts · $813K emplr
2022$18.2M · 368 accts · $690K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$174,064
Total administrative$174,064
The Journey Group Companies 401(k) match · 2024
Employer contribution per active participant$3,264
Median for plans this size$2,416
2024$3,264 per active participant
2023$3,177 per active participant
2022$2,772 per active participant

Journey Group Companies'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 · 20244
HUB INVESTMENT ADVISORS INC · Investment advisory (plan)$40,027
ASCENSUS HOLDINGS INC. · Contract administrator$30,322
EMPOWER ADVISORY GROUP, LLC · Investment management$6,377

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$174,064 · 0.72%
2023$78,157 · 0.39%
2022$127,970 · 0.67%
Same employer
Similar plansConstruction · South Dakota
Agc of South Dakota SD$96.0M · 0.66%
Muth Electric Inc SD$42.5M · 0.33%
Midwestern Mechanical, Inc. SD$13.3M · 0.62%
Frisbees, Inc. SD$12.8M · 0.51%
Krohmer Plumbing SD$9.0M · 0.16%
Howe, Inc. SD$8.4M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460189350 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.