Plan Ledger DOL Form 5500 · updated monthly

Mint Properties LLC401(k)

MINT PROPERTIES, LLC 401K PLAN · MINNEAPOLIS, MN · plan year 2023

Reported admin expense ratio · 2023
0.49%

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

Mint Properties LLC reported $5,784 in plan administrative expenses for 2023: 0.49% of average plan assets, below the peer median. Employer contributions averaged $971 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 1 year on file its reported administrative ratio rose from 0.11% to 0.49%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Minnesota (1,846th of 1,918), and 1,940th of 2,096 in real estate & leasing. In 2023, employees put in $2.55 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,275,789
Participants with balances81
Active participants57
Employer contributions$55,333
Employee contributions$140,850
Employer contribution per active participant$971
Average account balance$15,750
Benefits paid to participants$144,674
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history2
Yearassets · accounts · employer contribution
2023$1.3M · 81 accts · $55K emplr
2022$1.1M · 152 accts · $96K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$5,233
Investment management$551
Total administrative$5,784
The Mint Properties LLC 401(k) match · 2023
Employer contribution per active participant$971
Median for plans this size$1,308
2023$971 per active participant
2022$1,197 per active participant

Mint Properties LLC's 2023 employer contribution ran below the $1,308 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
ADP, INC. · Loan processing · Recordkeeping$5,783
ADP BROKER-DEALER · 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 history2
2023$5,784 · 0.49%
2022$1,141 · 0.11%
Similar plansReal Estate & Leasing · Minnesota
Lloyd Management, Inc. MN$2.0M · 0.10%
Paramark Corp. MN$1.8M · 2.59%
Rw National Holdings, LLC MN$1.4M · 1.30%
Gassen Company MN$1.3M · 2.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 680587219 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.