Plan Ledger DOL Form 5500 · updated monthly

Northern Wholesale Supply, LLC401(k)

NORTHERN WHOLESALE SUPPLY, INC. 401(K) RETIREMENT PLAN · LINO LAKES, MN · plan year 2023

Reported admin expense ratio · 2023
0.60%

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

Northern Wholesale Supply, LLC reported $23,908 in plan administrative expenses for 2023: 0.60% of average plan assets, above the peer median. Employer contributions averaged $1,793 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 0.69% to 0.60%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Minnesota (1,645th of 1,918), and 3,752nd of 4,246 in wholesale trade. In 2023, employees put in $1.80 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,247,579
Participants with balances170
Active participants163
Employer contributions$292,251
Employee contributions$526,407
Employer contribution per active participant$1,793
Average account balance$24,986
Benefits paid to participants$1,844,046
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$4.2M · 170 accts · $292K emplr
2022$3.8M · 148 accts · $340K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$16,535
Investment management$7,373
Total administrative$23,908
The Northern Wholesale Supply, LLC 401(k) match · 2023
Employer contribution per active participant$1,793
Median for plans this size$1,308
2023$1,793 per active participant
2022$1,617 per active participant

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

Service providers · 20234
GALLAGHER BENEFIT SERVICES INC DBA · Investment advisory (plan)$7,358
TSC 401K · Contract administrator$1,100
EMPOWER ADVISORY GROUP, LLC · Investment management$15

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$23,908 · 0.60%
2022$30,061 · 0.69%
Same employer
Similar plansWholesale Trade · Minnesota
Nws Acquisition, LLC. MN$5.1M · 0.49%
Crow Wing Recycling, Inc. MN$5.0M · 0.30%
Dedicated Networks, Inc. MN$2.4M · 0.53%
Lyons Trading Company LLC MN$870K · 0.95%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411488167 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.