Plan Ledger DOL Form 5500 · updated monthly

Northern Brewer, LLC401(k)

NORTHERN BREWER RETIREMENT PLAN · ROSEVILLE, MN · plan year 2023

Reported admin expense ratio · 2023
0.86%

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

Northern Brewer, LLC reported $21,321 in plan administrative expenses for 2023: 0.86% of average plan assets, higher than ~75% of peers. Employer contributions averaged $0 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 fell from 0.93% to 0.86%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Minnesota (1,751st of 1,918), and 4,482nd of 5,215 in retail trade.

Plan summary
Net assets, end of year$2,622,613
Participants with balances99
Active participants48
Employer contributions$0
Employee contributions$201,361
Employer contribution per active participant$0
Average account balance$26,491
Benefits paid to participants$314,443
Plan auditUnmodified (clean) audit opinion
AuditorCOPELAND, BUHL & CO, PLLP
Plan history2
Yearassets · accounts · employer contribution
2023$2.6M · 99 accts
2022$2.3M · 134 accts · $2K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$21,321
Total administrative$21,321
The Northern Brewer, LLC 401(k) match · 2023
Employer contribution per active participant$0
Median for plans this size$1,308

Northern Brewer, LLC's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
MINNESOTA LIFE INSURANCE COMPNAY · Contract administrator · Recordkeeping$21,321

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

Administrative cost history2
2023$21,321 · 0.86%
2022$22,772 · 0.93%
Similar plansRetail Trade · Minnesota
Vireo Health, Inc. MN$2.9M · 0.12%
Hoglund Companies MN$2.5M · 0.55%
Pcs for People MN$1.8M · 0.64%
Wbl Auto Company MN$1.5M · 0.02%
Consignment Ventures Inc MN$1.3M · 0.98%

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Source: U.S. Department of Labor, Form 5500 series, EIN 453580107 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.