Plan Ledger DOL Form 5500 · updated monthly

Omni Workspace Company LLC401(k)

OMNI WORKSPACE COMPANY LLC 401(K) PLAN · MINNEAPOLIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Omni Workspace Company LLC reported $32,929 in plan administrative expenses for 2024: 0.06% of average plan assets, below the peer median. Employer contributions averaged $1,904 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 0.03% to 0.06%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 445th-largest of 1,918 plans among Minnesota employers on file, and the 971st of 5,337 in construction. In 2024, employees put in $3.44 for every $1.00 the employer contributed; active participation has grown from 396 to 477 since 2022.

Plan summary
Net assets, end of year$55,520,300
Participants with balances604
Active participants477
Employer contributions$908,202
Employee contributions$3,122,497
Employer contribution per active participant$1,904
Average account balance$91,921
Benefits paid to participants$3,853,634
Plan auditUnmodified (clean) audit opinion
AuditorOLSEN THIELEN & CO LTD
Plan history3
Yearassets · accounts · employer contribution
2024$55.5M · 604 accts · $908K emplr
2023$48.4M · 518 accts · $746K emplr
2022$40.5M · 505 accts · $609K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,948
Investment management$25,981
Total administrative$32,929
The Omni Workspace Company LLC 401(k) match · 2024
Employer contribution per active participant$1,904
Median for plans this size$3,635
2024$1,904 per active participant
2023$1,908 per active participant
2022$1,537 per active participant

Omni Workspace Company LLC's 2024 employer contribution ran below the $3,635 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
ABBEY STREET, LLC · Recordkeeping · Pension consulting$23,995
ADP, INC. · Loan processing · Recordkeeping$16,363

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

Recordkeeper by year2
2024ABBEY STREET, LLC, ADP
2023ADP

This plan has changed recordkeepers within these filings. If you left Omni Workspace Company LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$32,929 · 0.06%
2023$11,810 · 0.03%
2022$11,217 · 0.03%
Same employer
Similar plansConstruction · Minnesota
Loffler Companies, Inc. MN$60.7M · 0.08%
Central Specialties, Inc. MN$54.9M · 0.27%
Kraemer North America, LLC MN$53.9M · 0.20%
Flynn America LP MN$50.9M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 273121614 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.