Plan Ledger DOL Form 5500 · updated monthly

Olsen Thielen & Co., LTD401(k)

OLSEN THIELEN & CO., LTD PROFIT SHARING & EMPLOYEE SAVINGS PLAN · ROSEVILLE, MN · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Olsen Thielen & Co., LTD reported $114,558 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $12,672 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 rose from 0.22% to 0.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 516th-largest of 1,918 plans among Minnesota employers on file, and the 2,894th of 11,654 in professional & technical services. In 2024, employees put in $1.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$47,193,056
Participants with balances140
Active participants100
Employer contributions$1,267,209
Employee contributions$1,350,185
Employer contribution per active participant$12,672
Average account balance$337,093
Benefits paid to participants$6,826,921
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$47.2M · 140 accts · $1.3M emplr
2023$46.5M · 145 accts · $1.3M emplr
2022$38.0M · 144 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50,467
Investment management$46,525
Trustee / custodial$15,846
Total administrative$114,558
The Olsen Thielen & Co., LTD 401(k) match · 2024
Employer contribution per active participant$12,672
Median for plans this size$2,416
2024$12,672 per active participant
2023$11,166 per active participant
2022$9,781 per active participant

Olsen Thielen & Co., LTD's 2024 employer contribution ran above the $2,416 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
AVANTAX RETIREMENT PLAN SERVICES · Recordkeeping · Consulting$114,558

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

Recordkeeper by year2
2024AVANTAX RETIREMENT PLAN SERVICES
2023AVANTAX RETIREMENT PLAN SERVICES

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

Administrative cost history3
2024$114,558 · 0.24%
2023$93,939 · 0.22%
2022$79,859 · 0.22%
Same employer
Similar plansProfessional & Technical Services · Minnesota
Ovative Group LLC MN$49.9M · 0.01%
Dunham Associates, Inc. MN$47.8M · 0.14%
Messerli & Kramer, P.A. MN$45.8M · 0.08%
Code 42 Software, Inc. MN$44.1M · 0.05%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 411360831 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.