Plan Ledger DOL Form 5500 · updated monthly

Northland Hearing Centers, Inc.401(k)

ALL-AMERICAN HEARING EMPLOYEE RETIREMENT PLAN · EDEN PRARIE, MN · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Northland Hearing Centers, Inc. reported $105,277 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $1,168 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 3 years on file its reported administrative ratio has held roughly steady near 0.41%. 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 735th-largest of 1,918 plans among Minnesota employers on file, and the 1,111th of 5,215 in retail trade. In 2024, employees put in $4.15 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$27,721,585
Participants with balances799
Active participants726
Employer contributions$847,668
Employee contributions$3,519,336
Employer contribution per active participant$1,168
Average account balance$34,695
Benefits paid to participants$2,703,363
Plan auditUnmodified (clean) audit opinion
AuditorOLSEN, THIELEN & CO., LTD.
Plan history3
Yearassets · accounts · employer contribution
2024$27.7M · 799 accts · $848K emplr
2023$23.2M · 812 accts · $793K emplr
2022$18.0M · 809 accts · $748K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$105,277
Total administrative$105,277
The Northland Hearing Centers, Inc. 401(k) match · 2024
Employer contribution per active participant$1,168
Median for plans this size$2,416
2024$1,168 per active participant
2023$1,117 per active participant
2022$996 per active participant

Northland Hearing Centers, 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$105,276
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect 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$105,277 · 0.41%
2023$82,851 · 0.40%
2022$73,231 · 0.39%
Same employer
Similar plansRetail Trade · Minnesota
Running Supply, Inc. MN$31.6M · 0.33%
Hirshfield's, Inc. MN$31.1M · 0.24%
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%

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Source: U.S. Department of Labor, Form 5500 series, EIN 204914238 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.