Plan Ledger DOL Form 5500 · updated monthly

Pallet Service Corporation401(k)

PALLET SERVICE CORPORATION 401(K) PLAN · MAPLE GROVE, MN · plan year 2024

Reported admin expense ratio · 2024
0.74%

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

Pallet Service Corporation reported $31,001 in plan administrative expenses for 2024: 0.74% of average plan assets, above the peer median. Employer contributions averaged $1,848 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 0.28% to 0.74%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Minnesota (1,623rd of 1,918), and 11,434th of 13,661 in manufacturing. In 2024, employees put in $1.80 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,570,194
Participants with balances208
Active participants159
Employer contributions$293,896
Employee contributions$529,213
Employer contribution per active participant$1,848
Average account balance$21,972
Benefits paid to participants$440,620
Plan auditUnmodified (clean) audit opinion
AuditorSMITH SCHAFER AND ASSOCIATES LT
Plan history3
Yearassets · accounts · employer contribution
2024$4.6M · 208 accts · $294K emplr
2023$3.8M · 189 accts · $289K emplr
2022$2.6M · 179 accts · $295K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,107
Investment management$27,894
Total administrative$31,001
The Pallet Service Corporation 401(k) match · 2024
Employer contribution per active participant$1,848
Median for plans this size$1,313
2024$1,848 per active participant
2023$1,852 per active participant
2022$1,927 per active participant

Pallet Service Corporation's 2024 employer contribution ran above the $1,313 median for plans its size. 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
CHRISTENSEN GROUP FINANCIAL, LLC · Recordkeeping · Trustee$20,365
ADP, INC. · Loan processing · Recordkeeping$10,635

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

Recordkeeper by year2
2024ADP, CHRISTENSEN GROUP FINANCIAL, LLC
2023ADP, CHRISTENSEN GROUP FINANCIAL, LLC

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Administrative cost history3
2024$31,001 · 0.74%
2023$23,861 · 0.74%
2022$6,825 · 0.28%
Similar plansManufacturing · Minnesota
Brown-Wilbert, Inc. MN$5.0M · 0.68%
H. B. Fuller Co MN$4.6M · 0.38%
Beacon Promotions MN$4.6M · 0.16%
General Pattern Co., Inc. MN$4.4M · 0.78%
Key Surgical LLC MN$4.4M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411628173 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.