Plan Ledger DOL Form 5500 · updated monthly

Linn Retail Centers, Inc.401(k)

LINN RETAIL CENTERS, INC. 401(K) PLAN · WOODBURY, MN · plan year 2024

Reported admin expense ratio · 2024
0.71%

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

Linn Retail Centers, Inc. reported $51,711 in plan administrative expenses for 2024: 0.71% of average plan assets, above the peer median. Employer contributions averaged $665 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 0.75% to 0.71%. 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 (1,422nd of 1,918), and 3,082nd of 5,215 in retail trade. In 2024, employees put in $3.93 for every $1.00 the employer contributed; active participation has grown from 95 to 113 since 2022.

Plan summary
Net assets, end of year$7,851,567
Participants with balances124
Active participants113
Employer contributions$75,185
Employee contributions$295,335
Employer contribution per active participant$665
Average account balance$63,319
Benefits paid to participants$202,821
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.9M · 124 accts · $75K emplr
2023$6.8M · 137 accts · $70K emplr
2022$5.6M · 113 accts · $61K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,211
Investment management$14,500
Total administrative$51,711
The Linn Retail Centers, Inc. 401(k) match · 2024
Employer contribution per active participant$665
Median for plans this size$1,313
2024$665 per active participant
2023$700 per active participant
2022$641 per active participant

Linn Retail Centers, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20242
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$37,211
REDPATH AND COMPANY, LLC · Accounting / audit · Actuarial$14,500

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

Recordkeeper by year2
2024Alerus
2023Alerus

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Administrative cost history3
2024$51,711 · 0.71%
2023$43,422 · 0.70%
2022$45,424 · 0.75%
Same employer
Similar plansRetail Trade · Minnesota
Dennis Kirk, Inc. MN$9.4M · 0.22%
Km Supermarkets, Inc. MN$8.4M · 0.36%
Fluid Interiors, LLC MN$8.0M · 0.04%
Lakewinds Natural Foods MN$7.6M · 0.50%
Leeann Chin, Inc. MN$7.2M · 0.13%
Barrett AG Service, Inc. MN$6.4M · 0.67%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411811560 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.