Plan Ledger DOL Form 5500 · updated monthly

Leech Lake Band of Ojibwe401(k)

LEECH LAKE BAND OF OJIBWE COMMERCIAL 401(K) PLAN · CASS LAKE, MN · plan year 2023

Reported admin expense ratio · 2023
0.80%

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

Leech Lake Band of Ojibwe reported $129,357 in plan administrative expenses for 2023: 0.80% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,453 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 0.78%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is among the smaller plans on file in Minnesota (997th of 1,918), and the 469th of 1,311 in arts, entertainment & recreation. In 2023, the employer put in $3.05 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$16,905,107
Participants with balances1,508
Active participants988
Employer contributions$1,435,624
Employee contributions$470,474
Employer contribution per active participant$1,453
Average account balance$11,210
Benefits paid to participants$1,403,580
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.6M · 1,468 accts · $1.5M emplr
2023$16.9M · 1,508 accts · $1.4M emplr
2022$15.2M · 1,461 accts · $1.3M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$109,357
Audit (IQPA)$20,000
Total administrative$129,357
The Leech Lake Band of Ojibwe 401(k) match · 2023
Employer contribution per active participant$1,453
Median for plans this size$2,440
2024$1,739 per active participant
2023$1,453 per active participant
2022$1,346 per active participant

Leech Lake Band of Ojibwe's 2023 employer contribution ran below 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 · 20232
ASCENSUS LLC · Loan processing · Recordkeeping$109,357
BRADY, MARTZ AND ASSOCIATES, PC CPA · Accounting / audit$20,000

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$131,135 · 0.78%
2023$129,357 · 0.80%
2022$119,398 · 0.76%
Same employer
Similar plansArts, Entertainment & Recreation · Minnesota
Plus One Holdings, Inc. MN$33.7M · 0.06%
Walker Art Center MN$31.5M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411710892 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.