Plan Ledger DOL Form 5500 · updated monthly

North Central Equity LLC401(k)

NORTH CENTRAL EQUITY LLC 401(K) PLAN · MINNEAPOLIS, MN · plan year 2022

Reported admin expense ratio · 2022
0.77%

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

North Central Equity LLC reported $80,598 in plan administrative expenses for 2022: 0.77% of average plan assets, higher than ~90% of peers. Employer contributions averaged $662 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 has held roughly steady near 0.74%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Minnesota (1,331st of 1,918), and 4,027th of 4,798 in finance & insurance. In 2022, employees put in $5.63 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,557,670
Participants with balances377
Active participants276
Employer contributions$182,787
Employee contributions$1,029,732
Employer contribution per active participant$662
Average account balance$25,352
Benefits paid to participants$1,071,499
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.4M · 203 accts · $187K emplr
2023$6.3M · 204 accts · $152K emplr
2022$9.6M · 377 accts · $183K emplr
Administrative expenses, itemized · 2022
Investment management$3,707
Total administrative$80,598
The North Central Equity LLC 401(k) match · 2022
Employer contribution per active participant$662
Median for plans this size$2,266
2024$446 per active participant
2023$498 per active participant
2022$662 per active participant

North Central Equity 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 history3
2024$47,023 · 0.74%
2023$68,262 · 0.86%
2022$80,598 · 0.77%
Same employer
Similar plansFinance & Insurance · Minnesota
Information Providers, Inc. MN$13.1M · 0.17%
Citizens Bank Group Inc. MN$12.5M · 0.51%
Cpc Management LLC MN$12.4M · 0.31%
Hmn Financial, Inc. MN$9.2M · 0.00%
Lend Smart Mortgage, LLC MN$8.3M · 0.87%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201180958 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.