Plan Ledger DOL Form 5500 · updated monthly

Communications Systems, Inc.401(k)

PINEAPPLE ENERGY, INC. EMPLOYEE SAVINGS PLAN · MINNETONKA, MN · plan year 2023

Reported admin expense ratio · 2023
0.51%

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

Communications Systems, Inc. reported $96,402 in plan administrative expenses for 2023: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $803 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 0.44% to 0.49%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other information & media employers. By assets it is the 856th-largest of 1,918 plans among Minnesota employers on file, and the 982nd of 2,199 in information & media. In 2023, employees put in $3.12 for every $1.00 the employer contributed; active participation has grown from 94 to 194 since 2022.

Plan summary
Net assets, end of year$21,682,351
Participants with balances318
Active participants194
Employer contributions$155,756
Employee contributions$485,840
Employer contribution per active participant$803
Average account balance$68,183
Benefits paid to participants$2,409,547
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.9M · 294 accts · $279K emplr
2023$21.7M · 318 accts · $156K emplr
2022$16.5M · 233 accts · $97K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$57,572
Investment management$28,800
Trustee / custodial$10,030
Total administrative$96,402
The Communications Systems, Inc. 401(k) match · 2023
Employer contribution per active participant$803
Median for plans this size$2,440
2024$1,533 per active participant
2023$803 per active participant
2022$1,036 per active participant

Communications Systems, Inc.'s 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
MILLIMAN, INC. · Recordkeeping · Loan processing$57,572
SAGEVIEW ADVISORY GROUP · Investment advisory (plan)$28,800
MATRIX TRUST COMPANY · Custodial (securities) · Trustee (directed)$10,030

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

Recordkeeper by year2
2024Milliman
2023Milliman

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

Administrative cost history3
2024$104,318 · 0.49%
2023$96,402 · 0.51%
2022$88,480 · 0.44%
All plans at this employer2
PINEAPPLE ENERGY, INC. EMPLOYEE SAVINGS PLAN401(k)
COMMUNICATIONS SYSTEMS, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUSTESOP
Same employer
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The Tapemark Company MN$22.1M · 0.00%
Arcserve LLC MN$21.9M · 0.50%
Sezzle, Inc. MN$20.7M · 0.48%
Field Nation, LLC MN$16.7M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410957999 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.