Plan Ledger DOL Form 5500 · updated monthly

Northland Dealers Investment Group, Inc.401(k)

NORTHLAND DEALERS INVESTMENT GROUP, INC. 401(K) RETIREMENT PLAN · DULUTH, MN · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Northland Dealers Investment Group, Inc. reported $119,462 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $261 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 0.65% to 0.48%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 764th-largest of 1,918 plans among Minnesota employers on file, and the 1,175th of 5,215 in retail trade. In 2024, employees put in $12.79 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$25,886,870
Participants with balances725
Active participants701
Employer contributions$182,783
Employee contributions$2,338,435
Employer contribution per active participant$261
Average account balance$35,706
Benefits paid to participants$3,836,949
Plan auditUnmodified (clean) audit opinion
AuditorWOODWARD & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$25.9M · 725 accts · $183K emplr
2023$23.6M · 738 accts · $195K emplr
2022$19.6M · 613 accts · $160K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$97,873
Investment management$12,315
Audit (IQPA)$9,274
Total administrative$119,462
The Northland Dealers Investment Group, Inc. 401(k) match · 2024
Employer contribution per active participant$261
Median for plans this size$2,416
2024$261 per active participant
2023$271 per active participant
2022$231 per active participant

Northland Dealers Investment Group, Inc.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$97,873
WOODWARD & ASSOCIATES,IN · Accounting / audit · Investment advisory (plan)$11,274
ADVANCED CAPITAL GROUP · Investment advisory (plan)$9,215
WELLS FARGO CLEARING SERVICES LLC · Other servicesindirect comp
WELLS FARGO ADVISORS INS AGENCY LLC · Other servicesindirect comp

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

Administrative cost history3
2024$119,462 · 0.48%
2023$144,284 · 0.67%
2022$137,496 · 0.65%
Same employer
Similar plansRetail Trade · Minnesota
Abc Bus Companies, Inc. MN$29.7M · 0.47%
Metropolitan Corp. MN$29.1M · 0.43%
Federated Co-Ops, Inc. MN$26.5M · 0.25%
Ams Holdings, LLC MN$25.6M · 0.29%
Lueken's Food Stores, Inc. MN$23.9M · 0.01%
Buerkle Company MN$23.8M · 0.23%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 411978633 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.