Plan Ledger DOL Form 5500 · updated monthly

Opal Services, Inc.401(k)

OPAL SERVICES, INC. 401(K) AND PROFIT SHARING PLAN · EAGAN, MN · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

Opal Services, Inc. reported $22,673 in plan administrative expenses for 2024: 0.65% of average plan assets, above the peer median. Employer contributions averaged $534 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 0.655%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Minnesota (1,681st of 1,918), and 8,792nd of 11,911 in health care & social assistance. In 2024, employees put in $2.85 for every $1.00 the employer contributed; active participation has grown from 140 to 154 since 2022.

Plan summary
Net assets, end of year$3,658,088
Participants with balances105
Active participants154
Employer contributions$82,195
Employee contributions$233,889
Employer contribution per active participant$534
Average account balance$34,839
Benefits paid to participants$298,839
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.7M · 105 accts · $82K emplr
2023$3.3M · 101 accts · $83K emplr
2022$2.6M · 132 accts · $80K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,503
Investment management$10,170
Total administrative$22,673
The Opal Services, Inc. 401(k) match · 2024
Employer contribution per active participant$534
Median for plans this size$1,313
2024$534 per active participant
2023$607 per active participant
2022$568 per active participant

Opal Services, Inc.'s 2024 employer contribution ran below the $1,313 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$12,503
TROTT BROOK FINANCIAL · Investment advisory (plan)$10,170

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$22,673 · 0.65%
2023$19,344 · 0.66%
2022$18,468 · 0.65%
Similar plansHealth Care & Social Assistance · Minnesota
Mdm Rubicon, Inc. MN$3.7M · 0.80%
Wacosa MN$3.6M · 0.84%
The Wayside House, Inc. MN$3.4M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 461238563 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.