Plan Ledger DOL Form 5500 · updated monthly

Natureworks LLC401(k)

NATUREWORKS LLC 401(K) PLAN · MINNEAPOLIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Natureworks LLC reported $43,107 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $8,835 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 0.00% to 0.05%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 322nd-largest of 1,918 plans among Minnesota employers on file, and the 2,144th of 13,661 in manufacturing. In 2024, employees put in $1.21 for every $1.00 the employer contributed; active participation has shrunk from 177 to 154 since 2022.

Plan summary
Net assets, end of year$85,115,845
Participants with balances276
Active participants154
Employer contributions$1,360,555
Employee contributions$1,643,522
Employer contribution per active participant$8,835
Average account balance$308,391
Benefits paid to participants$11,993,819
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$79.5M · 247 accts · $1.2M emplr
2024$85.1M · 276 accts · $1.4M emplr
2023$82.5M · 282 accts · $1.7M emplr
2022$70.1M · 283 accts · $1.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,107
Total administrative$43,107
The Natureworks LLC 401(k) match · 2024
Employer contribution per active participant$8,835
Median for plans this size$3,635
2025$10,539 per active participant
2024$8,835 per active participant
2023$10,091 per active participant
2022$10,583 per active participant

Natureworks LLC's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
THE VANGUARD GROUP, INC. · Recordkeeping · Consulting$43,467

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

Recordkeeper by year3
2025Vanguard
2024Vanguard
2023Vanguard

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Administrative cost history4
2025$40,980 · 0.05%
2024$43,107 · 0.05%
2023$2,300 · 0.00%
2022$1,400 · 0.00%
Same employer
Similar plansManufacturing · Minnesota
Tank Holding Corp. MN$86.7M · 0.15%
Acist Medical Systems, Inc. MN$86.4M · 0.04%
AG Partners Coop MN$85.7M · 0.22%
Rahr Corporation MN$84.4M · 0.27%
Fabcon Companies, LLC MN$83.7M · 0.23%
Mate Precision Technologies MN$83.6M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411891932 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.