Plan Ledger DOL Form 5500 · updated monthly

Nilfisk, Inc.401(k)

NILFISK GROUP U.S. 401(K) RETIREMENT PLAN · BROOKLYN PARK, MN · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Nilfisk, Inc. reported $110,909 in plan administrative expenses for 2024: 0.12% of average plan assets, below the peer median. Employer contributions averaged $3,929 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 2 years on file its reported administrative ratio fell from 0.13% to 0.12%. 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 277th-largest of 1,918 plans among Minnesota employers on file, and the 1,919th of 13,661 in manufacturing. In 2024, employees put in $2.15 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$99,763,452
Participants with balances898
Active participants636
Employer contributions$2,498,881
Employee contributions$5,368,798
Employer contribution per active participant$3,929
Average account balance$111,095
Benefits paid to participants$8,046,820
Plan auditUnmodified (clean) audit opinion
AuditorCOPELAND BUHL & COMPANY PLLP
Plan history3
Yearassets · accounts · employer contribution
2024$99.8M · 898 accts · $2.5M emplr
2023$86.5M · 861 accts · $2.1M emplr
2022$79.4M · 842 accts · $1.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$89,062
Investment management$21,847
Total administrative$110,909
The Nilfisk, Inc. 401(k) match · 2024
Employer contribution per active participant$3,929
Median for plans this size$3,635
2024$3,929 per active participant
2023$3,258 per active participant
2022$3,165 per active participant

Nilfisk, Inc.'s 2024 employer contribution ran above the $3,635 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$89,097
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$21,847

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

Administrative cost history3
2024$110,909 · 0.12%
2023$106,676 · 0.13%
2022$115,823 · 0.13%
All plans at this employer2
NILFISK GROUP U.S. 401(K) RETIREMENT PLAN401(k)
NILFISK, INC. UNION 401(K) PLAN401(k)
Same employer
Similar plansManufacturing · Minnesota
The Walman Optical Company MN$105.2M · 0.25%
Team Industries, Inc. MN$102.3M · 0.21%
Uponor North America, Inc. MN$100.8M · 0.11%
Sunopta Foods Inc. MN$98.7M · 0.28%
Revelyst, Inc. MN$94.7M · 0.00%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 410116040 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.