Plan Ledger DOL Form 5500 · updated monthly

Minnesota Elevator, Inc.ESOP

MINNESOTA ELEVATOR, INC. EMPLOYEE STOCK OWNERSHIP PLAN · MANKATO, MN · plan year 2025

Reported admin expense ratio · 2025
0.13%

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

Minnesota Elevator, Inc. reported $106,474 in plan administrative expenses for 2025: 0.13% of average plan assets, above the peer median. Employer contributions averaged $1,867 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 fell from 0.20% to 0.13%. The plan sits in the $50M–$250M size bracket, benchmarked here against 605 comparable plans and shown alongside other construction employers. By assets it is the 278th-largest of 1,918 plans among Minnesota employers on file, and the 616th of 5,337 in construction. active participation has grown from 148 to 164 since 2022.

Plan summary
Net assets, end of year$99,670,305
Participants with balances176
Active participants164
Employer contributions$306,180
Employee contributions—
Employer contribution per active participant$1,867
Average account balance$566,309
Benefits paid to participants$5,804,347
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$99.7M · 176 accts · $306K emplr
2024$68.9M · 163 accts · $275K emplr
2023$45.5M · 161 accts · $520K emplr
2022$28.6M · 160 accts · $466K emplr
Administrative expenses, itemized · 2025
Investment management$106,474
Total administrative$106,474
Employer contributions to the Minnesota Elevator, Inc. plan · 2025
Employer contribution per active participant$1,867
Median for plans this size$4,093
2025$1,867 per active participant
2024$1,880 per active participant
2023$3,398 per active participant
2022$3,151 per active participant

Minnesota Elevator, Inc.'s 2025 employer contribution ran below the $4,093 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20251
MAIRS & POWER INC. · Investment management$106,207

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$106,474 · 0.13%
2024$86,916 · 0.15%
2023$62,918 · 0.17%
2022$54,050 · 0.20%
All plans at this employer2
MINNESOTA ELEVATOR, INC. 401(K) PROFIT SHARING PLAN401(k)
MINNESOTA ELEVATOR, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
Similar plansConstruction · Minnesota
Sfp Holding, Inc. MN$165.9M · 0.18%
Adolfson & Peterson, Inc. MN$84.2M · 0.11%
Oneharris, Inc. MN$82.6M · 0.14%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 410972538 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.