Plan Ledger DOL Form 5500 · updated monthly

Myhre Investments, LLC401(k)

MYHRE INVESTMENTS PROFIT SHARING & 401(K) PLAN · ST. PAUL, MN · plan year 2022

Reported admin expense ratio · 2022
0.29%

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

Myhre Investments, LLC reported $33,479 in plan administrative expenses for 2022: 0.29% of average plan assets, above the peer median. Employer contributions averaged $685 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 0.29% to 0.70%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Minnesota (1,293rd of 1,918), and 2,096th of 3,091 in educational services. In 2022, employees put in $20.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,233,520
Participants with balances197
Active participants8
Employer contributions$5,476
Employee contributions$110,628
Employer contribution per active participant$685
Average account balance$51,947
Benefits paid to participants$522,280
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$12 · 1 accts · $9K emplr
2022$10.2M · 197 accts · $5K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$33,479
Total administrative$33,479
The Myhre Investments, LLC 401(k) match · 2022
Employer contribution per active participant$685
Median for plans this size$2,266
2023$8,663 per active participant
2022$685 per active participant

Myhre Investments, LLC's 2022 employer contribution ran below the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$35,796 · 0.70%
2022$33,479 · 0.29%
Similar plansEducational Services · Minnesota
Groves Academy MN$11.8M · 0.53%
College Possible MN$11.8M · 0.07%
The Marshall School MN$11.6M · 0.08%
Macphail Center for Music MN$10.7M · 0.01%
Reading & Math, Inc. MN$9.2M · 0.56%
Hill-Murray School, Inc. MN$5.0M · 0.36%
North Star Aviation MN$2.6M · 1.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411494376 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.