Plan Ledger DOL Form 5500 · updated monthly

Leamington Co.401(k)

LEAMINGTON CO. AND AFFILIATED EMPLOYERS 401(K) PLAN · MINNEAPOLIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Leamington Co. reported $52,392 in plan administrative expenses for 2024: 0.17% of average plan assets, below the peer median. Employer contributions averaged $3,298 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 0.22% to 0.17%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 609th-largest of 1,918 plans among Minnesota employers on file, and the 2,134th of 4,798 in finance & insurance. In 2024, employees put in $2.30 for every $1.00 the employer contributed; active participation has grown from 242 to 297 since 2022.

Plan summary
Net assets, end of year$35,914,541
Participants with balances368
Active participants297
Employer contributions$979,542
Employee contributions$2,250,876
Employer contribution per active participant$3,298
Average account balance$97,594
Benefits paid to participants$3,487,583
Plan auditUnmodified (clean) audit opinion
AuditorBGM CPA, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$35.9M · 368 accts · $980K emplr
2023$25.5M · 286 accts · $555K emplr
2022$21.6M · 282 accts · $519K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,392
Total administrative$52,392
The Leamington Co. 401(k) match · 2024
Employer contribution per active participant$3,298
Median for plans this size$2,416
2024$3,298 per active participant
2023$2,414 per active participant
2022$2,143 per active participant

Leamington Co.'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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$52,392

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$52,392 · 0.17%
2023$48,783 · 0.21%
2022$54,674 · 0.22%
Similar plansFinance & Insurance · Minnesota
Castlelake, LP MN$43.9M · 0.00%
Bridgewater Bank MN$41.8M · 0.21%
Whitebox Advisors, LLC MN$35.9M · 0.12%
Constellation, Inc. MN$34.5M · 0.03%
Home Federal Savings Bank MN$33.3M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410888402 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.