Plan Ledger DOL Form 5500 · updated monthly

Park Financial Group, Inc.401(k)

PARK FINANCIAL GROUP 401(K) PROFIT SHARING PLAN · MINNEAPOLIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Park Financial Group, Inc. reported $43,601 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $2,180 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 0.20%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 833rd-largest of 1,918 plans among Minnesota employers on file, and 2,854th of 4,798 in finance & insurance. In 2024, employees put in $2.67 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,713,058
Participants with balances171
Active participants149
Employer contributions$324,827
Employee contributions$868,872
Employer contribution per active participant$2,180
Average account balance$132,825
Benefits paid to participants$2,604,065
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.7M · 171 accts · $325K emplr
2023$21.4M · 150 accts · $378K emplr
2022$18.3M · 151 accts · $346K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,601
Total administrative$43,601
The Park Financial Group, Inc. 401(k) match · 2024
Employer contribution per active participant$2,180
Median for plans this size$2,416
2024$2,180 per active participant
2023$2,504 per active participant
2022$2,232 per active participant

Park Financial Group, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20244
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$8,419
TAX SHELTERED COMPENSATION, INC. · Recordkeeping · Loan processing$2,650
CETERA ADVISOR NETWORKS LLC · Investment advisory (plan)$32,366

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

Recordkeeper by year2
2024TAX SHELTERED COMPENSATION, INC., Transamerica
2023TAX SHELTERED COMPENSATION, INC., Transamerica

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

Administrative cost history3
2024$43,601 · 0.20%
2023$39,370 · 0.20%
2022$39,623 · 0.19%
Same employer
Similar plansFinance & Insurance · Minnesota
Alliance Bank MN$22.9M · 0.08%
Preferred Credit, Inc MN$21.8M · 0.50%
Tradition Capital Bank MN$20.4M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 472313382 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.