Plan Ledger DOL Form 5500 · updated monthly

Park Jeep, Inc.401(k)

PARK JEEP, INC. EMPLOYEE SAVINGS AND PROFIT SHARING PLAN · BURNSVILLE, MN · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Park Jeep, Inc. reported $47,709 in plan administrative expenses for 2024: 0.48% of average plan assets, below the peer median. Employer contributions averaged $1,891 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 fell from 0.53% to 0.48%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Minnesota (1,273rd of 1,918), and the 2,521st of 5,215 in retail trade. In 2024, employees put in $2.66 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,612,253
Participants with balances170
Active participants122
Employer contributions$230,704
Employee contributions$612,603
Employer contribution per active participant$1,891
Average account balance$62,425
Benefits paid to participants$520,376
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.6M · 170 accts · $231K emplr
2023$9.2M · 168 accts · $205K emplr
2022$8.0M · 169 accts · $249K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,276
Investment management$44,433
Total administrative$47,709
The Park Jeep, Inc. 401(k) match · 2024
Employer contribution per active participant$1,891
Median for plans this size$1,313
2024$1,891 per active participant
2023$1,709 per active participant
2022$1,915 per active participant

Park Jeep, Inc.'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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$2,415
AMERIPRISE FINANCIAL SERVICES INC · Other servicesindirect comp
WILSHIRE ASSOCIATES INCORPORATED · Investment advisory (plan)indirect comp

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$47,709 · 0.48%
2023$45,664 · 0.53%
2022$46,153 · 0.53%
Similar plansRetail Trade · Minnesota
North Star Holdco, Inc. MN$11.1M · 0.49%
Bold Orange Company, LLC MN$10.2M · 0.31%
Saturn of St. Paul, Inc. MN$9.5M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410846804 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.