Plan Ledger DOL Form 5500 · updated monthly

North Metro Harness Initiative LLC401(k)

RUNNING ACES CASINO & RACETRACK 401(K) PLAN · COLUMBUS, MN · plan year 2024

Reported admin expense ratio · 2024
0.55%

North Metro Harness Initiative LLC reported $53,084 in plan administrative expenses for 2024: 0.55% of average plan assets, above the peer median. 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 rose from 0.40% to 0.55%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is among the smaller plans on file in Minnesota (1,282nd of 1,918), and 665th of 1,311 in arts, entertainment & recreation. active participation has grown from 468 to 541 since 2022.

Plan summary
Net assets, end of year$10,431,162
Participants with balances579
Active participants541
Employer contributions—
Employee contributions$1,507,419
Employer contribution per active participant—
Average account balance$18,016
Benefits paid to participants$1,153,162
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.4M · 579 accts
2023$8.8M · 595 accts
2022$6.7M · 567 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,049
Investment management$22,035
Total administrative$53,084
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
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$59,990
USI ADVISORS, INC. · Investment advisory (plan)$22,035

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

Recordkeeper by year2
2024The Standard
2023Securian

This plan has changed recordkeepers within these filings. If you left North Metro Harness Initiative LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$53,084 · 0.55%
2023$31,004 · 0.40%
2022$27,589 · 0.40%
Same employer
Similar plansArts, Entertainment & Recreation · Minnesota
Leech Lake Band of Ojibwe MN$16.9M · 0.80%
Foss Swim School, LLC MN$8.3M · 0.71%
King Show Games, Inc. MN$7.0M · 0.01%
Snap Fitness, Inc. MN$6.2M · 0.96%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200045013 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.