Plan Ledger DOL Form 5500 · updated monthly

Patterson Companies, Inc.401(k)

PATTERSON COMPANIES, INC. 401(K) PLAN · SAINT PAUL, MN · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Patterson Companies, Inc. reported $254,025 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,419 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 0.09% to 0.03%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other management of companies employers. By assets it is the 41st-largest of 1,918 plans among Minnesota employers on file, and the 45th of 786 in management of companies. In 2024, employees put in $2.38 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$999,051,223
Participants with balances9,377
Active participants5,994
Employer contributions$20,490,718
Employee contributions$48,703,432
Employer contribution per active participant$3,419
Average account balance$106,543
Benefits paid to participants$108,630,241
Plan auditUnmodified (clean) audit opinion
AuditorERNST AND YOUNG LLP
Plan history3
Yearassets · accounts · employer contribution
2024$999.1M · 9,377 accts · $20.5M emplr
2023$928.4M · 49 accts · $19.9M emplr
2022$579.3M · 7,459 accts · $19.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$254,025
Total administrative$254,025
The Patterson Companies, Inc. 401(k) match · 2024
Employer contribution per active participant$3,419
Median for plans this size$4,294
2024$3,419 per active participant
2023$3,142 per active participant
2022$3,214 per active participant

Patterson Companies, Inc.'s 2024 employer contribution ran below the $4,294 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$255,394

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$254,025 · 0.03%
2023$558,632 · 0.07%
2022$558,212 · 0.09%
All plans at this employer2
PATTERSON COMPANIES, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
PATTERSON COMPANIES, INC. 401(K) PLAN401(k)
Same employer
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Lvmh Inc. NY$1.1B
Teco Energy, Inc. FL$1.1B · 0.02%
Associated Banc-Corp WI$963.9M · 0.03%
Pentair Inc MN$909.7M · 0.06%
Kemper Corporation IL$887.5M · 0.06%
Concentrix Cvg Corporation OH$879.7M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410886515 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.