Plan Ledger DOL Form 5500 · updated monthly

Leeann Chin, Inc.401(k)

LEEANN CHIN, INC. 401(K) PLAN · BLOOMINGTON, MN · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Leeann Chin, Inc. reported $8,403 in plan administrative expenses for 2024: 0.13% of average plan assets, lower than ~75% of peers. Employer contributions averaged $163 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 0.15% to 0.13%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Minnesota (1,440th of 1,918), and 3,214th of 5,215 in retail trade. In 2024, employees put in $6.17 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,238,643
Participants with balances190
Active participants242
Employer contributions$39,497
Employee contributions$243,640
Employer contribution per active participant$163
Average account balance$38,098
Benefits paid to participants$215,077
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$7.2M · 190 accts · $39K emplr
2023$5.9M · 200 accts · $39K emplr
2022$5.0M · 211 accts · $43K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,747
Total administrative$8,403
The Leeann Chin, Inc. 401(k) match · 2024
Employer contribution per active participant$163
Median for plans this size$1,313
2024$163 per active participant
2023$165 per active participant
2022$187 per active participant

Leeann Chin, Inc.'s 2024 employer contribution ran below the $1,313 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
TAX SHELTERED COMPENSATION, INC. · Other servicesindirect 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
2024$8,403 · 0.13%
2023$9,761 · 0.18%
2022$9,058 · 0.15%
Similar plansRetail Trade · Minnesota
Km Supermarkets, Inc. MN$8.4M · 0.36%
Fluid Interiors, LLC MN$8.0M · 0.04%
Linn Retail Centers, Inc. MN$7.9M · 0.71%
Lakewinds Natural Foods MN$7.6M · 0.50%
Barrett AG Service, Inc. MN$6.4M · 0.67%
Mauer Chevrolet MN$6.2M · 1.40%
Carlson Toyota MN$6.2M · 0.34%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 411603354 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.