Plan Ledger DOL Form 5500 · updated monthly

Ototronix, LLC401(k)

THE SAFE HARBOR 401(K) PLAN · ST. PAUL, MN · plan year 2022

Reported admin expense ratio · 2022
0.42%

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

Ototronix, LLC reported $26,612 in plan administrative expenses for 2022: 0.42% of average plan assets, below the peer median. Employer contributions averaged $2,289 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Minnesota (1,504th of 1,918), and 3,485th of 4,246 in wholesale trade. In 2022, employees put in $2.02 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,094,878
Participants with balances81
Active participants112
Employer contributions$256,321
Employee contributions$517,055
Employer contribution per active participant$2,289
Average account balance$75,245
Benefits paid to participants$351,886
Plan auditUnmodified (clean) audit opinion
AuditorREDPATH AND COMPANY
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$8,623
Investment management$17,989
Total administrative$26,612
The Ototronix, LLC 401(k) match · 2022
Employer contribution per active participant$2,289
Median for plans this size$1,114

Ototronix, LLC's 2022 employer contribution ran above the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$26,612 · 0.42%
Similar plansWholesale Trade · Minnesota
TJ3, LLC MN$7.2M · 1.06%
Geritom Med, Inc. MN$7.0M · 0.95%
Edwards Oil, Inc. MN$5.7M · 0.85%
Coremark Metals MN$5.6M · 0.55%
Nws Acquisition, LLC. MN$5.1M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 320276109 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.