Plan Ledger DOL Form 5500 · updated monthly

Northern Star Cooperative Service401(k)

CO-OP 401(K) PLAN · DEER RIVER, MN · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Northern Star Cooperative Service reported $38,071 in plan administrative expenses for 2024: 0.52% of average plan assets, below the peer median. Employer contributions averaged $3,405 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 0.61% to 0.52%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is among the smaller plans on file in Minnesota (1,426th of 1,918), and 530th of 945 in agriculture, forestry & fishing. In 2024, employees put in $1.10 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,693,044
Participants with balances119
Active participants80
Employer contributions$272,409
Employee contributions$300,000
Employer contribution per active participant$3,405
Average account balance$64,647
Benefits paid to participants$643,544
Plan auditUnmodified (clean) audit opinion
AuditorCARLSON SV, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$7.7M · 119 accts · $272K emplr
2023$7.0M · 131 accts · $268K emplr
2022$6.6M · 130 accts · $243K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$36,614
Total administrative$38,071
The Northern Star Cooperative Service 401(k) match · 2024
Employer contribution per active participant$3,405
Median for plans this size$1,313
2024$3,405 per active participant
2023$3,306 per active participant
2022$3,036 per active participant

Northern Star Cooperative Service's 2024 employer contribution ran above the $1,313 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
MILLIMAN, INC. · Recordkeeping · Loan processing$32,282

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

Recordkeeper by year2
2024Milliman
2023Milliman

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$38,071 · 0.52%
2023$38,702 · 0.57%
2022$39,028 · 0.61%
Similar plansAgriculture, Forestry & Fishing · Minnesota
Sparboe Farms, Inc. MN$10.9M · 0.67%
Wakefield Pork, Inc. MN$10.2M · 0.45%
Lakes Area Cooperative MN$8.7M · 0.56%
Hord Farms West LLP MN$6.9M · 0.29%
Leedstone, Inc. MN$3.6M · 0.63%
Dubow Textile, Inc. MN$3.1M · 0.94%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410248090 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.