Plan Ledger DOL Form 5500 · updated monthly

Mason Brothers Company401(k)

MASON BROTHERS 401(K) PROFIT SHARING PLAN · WADENA, MN · plan year 2025

Reported admin expense ratio · 2025
0.27%

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

Mason Brothers Company reported $58,412 in plan administrative expenses for 2025: 0.27% of average plan assets, below the peer median. Employer contributions averaged $3,667 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 rose from 0.09% to 0.27%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other wholesale trade employers. By assets it is the 854th-largest of 1,918 plans among Minnesota employers on file, and the 1,766th of 4,246 in wholesale trade. In 2025, the employer put in $1.17 for every $1.00 employees contributed themselves; active participation has shrunk from 281 to 220 since 2022.

Plan summary
Net assets, end of year$21,760,931
Participants with balances228
Active participants220
Employer contributions$806,795
Employee contributions$691,751
Employer contribution per active participant$3,667
Average account balance$95,443
Benefits paid to participants$3,042,142
Plan auditUnmodified (clean) audit opinion
AuditorOLSEN THIELEN & CO., LTD
Plan history4
Yearassets · accounts · employer contribution
2025$21.8M · 228 accts · $807K emplr
2024$21.1M · 223 accts · $747K emplr
2023$20.3M · 231 accts · $742K emplr
2022$19.5M · 231 accts · $679K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$42,744
Audit (IQPA)$15,668
Total administrative$58,412
The Mason Brothers Company 401(k) match · 2025
Employer contribution per active participant$3,667
Median for plans this size$2,666
2025$3,667 per active participant
2024$3,262 per active participant
2023$3,240 per active participant
2022$2,416 per active participant

Mason Brothers Company's 2025 employer contribution ran above the $2,666 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 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$42,743
OLSEN THIELEN AND CO. LT · Accounting / audit$15,669
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)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 history4
2025$58,412 · 0.27%
2024$58,642 · 0.28%
2023$56,056 · 0.28%
2022$18,182 · 0.09%
Same employer
Similar plansWholesale Trade · Minnesota
Herregan Distributors, Inc. MN$23.4M · 0.11%
H.M. Cragg Company MN$22.2M · 0.01%
Baldwin Supply Company MN$21.9M · 0.30%
Herc-U-Lift, Inc. MN$21.7M · 0.40%
West Central Steel, Inc MN$20.5M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410397190 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.