Plan Ledger DOL Form 5500 · updated monthly

Lake Superior Consulting, LLC401(k)

LAKE SUPERIOR CONSULTING 401(K) PLAN · DULUTH, MN · plan year 2025

Reported admin expense ratio · 2025
0.24%

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

Lake Superior Consulting, LLC reported $80,731 in plan administrative expenses for 2025: 0.24% of average plan assets, below the peer median. Employer contributions averaged $4,815 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 0.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other professional & technical services employers. By assets it is the 605th-largest of 1,918 plans among Minnesota employers on file, and the 3,546th of 11,654 in professional & technical services. In 2025, employees put in $1.47 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$36,634,202
Participants with balances365
Active participants316
Employer contributions$1,521,537
Employee contributions$2,243,721
Employer contribution per active participant$4,815
Average account balance$100,368
Benefits paid to participants$2,704,935
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2025$36.6M · 365 accts · $1.5M emplr
2024$29.7M · 361 accts · $1.4M emplr
2023$26.0M · 370 accts · $1.3M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$80,731
Total administrative$80,731
The Lake Superior Consulting, LLC 401(k) match · 2025
Employer contribution per active participant$4,815
Median for plans this size$2,666
2025$4,815 per active participant
2024$4,530 per active participant
2023$3,837 per active participant

Lake Superior Consulting, LLC's 2025 employer contribution ran above the $2,666 median for plans its size, placing it in the top 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$80,711
LPL FINANCIAL LLC · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2025$80,731 · 0.24%
2024$79,451 · 0.29%
2023$66,318 · 0.26%
Same employer
Similar plansProfessional & Technical Services · Minnesota
The Rfa Group, Inc. MN$39.9M · 0.28%
Calabrio, Inc. MN$38.4M · 0.41%
Larson Engineering, Inc. MN$36.4M · 0.25%
Abdo, LLP MN$35.5M · 0.25%
Solution Design Group, Inc. MN$35.4M · 0.22%
The Moscoe Group, Inc. MN$34.7M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 562300936 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.