Plan Ledger DOL Form 5500 · updated monthly

Piper Sandler Companies401(k)

PIPER SANDLER COMPANIES RETIREMENT PLAN · MINNEAPOLIS, MN · plan year 2025

Reported admin expense ratio · 2025
0.02%

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

Piper Sandler Companies reported $159,033 in plan administrative expenses for 2025: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $8,198 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 fell from 0.03% to 0.02%. The plan sits in the $250M–$1B size bracket, benchmarked here against 230 comparable plans and shown alongside other finance & insurance employers. By assets it is the 55th-largest of 1,918 plans among Minnesota employers on file, and the 218th of 4,798 in finance & insurance. In 2025, employees put in $2.75 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$808,967,075
Participants with balances2,837
Active participants1,756
Employer contributions$14,396,335
Employee contributions$39,597,786
Employer contribution per active participant$8,198
Average account balance$285,149
Benefits paid to participants$41,275,536
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$809.0M · 2,837 accts · $14.4M emplr
2024$692.0M · 2,719 accts · $13.4M emplr
2023$583.8M · 2,615 accts · $13.0M emplr
2022$482.8M · 2,588 accts · $12.1M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$159,033
Total administrative$159,033
The Piper Sandler Companies 401(k) match · 2025
Employer contribution per active participant$8,198
Median for plans this size$4,295
2025$8,198 per active participant
2024$7,779 per active participant
2023$7,845 per active participant
2022$7,080 per active participant

Piper Sandler Companies's 2025 employer contribution ran above the $4,295 median for plans its size, placing it in the top 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20255
SCHWAB RETIREMENT PLAN SERVICES INC · Recordkeeping · Investment advisory (participants)$188,151
TEALWOOD ASSET MANAGEMENT INC · Trustee (directed)$7,084
SEQUOIA FINANCIAL ADVISORS LLC · Trustee (directed)$6,712
AVOS CAPITAL MANAGEMENT LLC · Investment advisory (participants)$5,077
CHARLES SCHWAB & CO., INC. · Securities brokerage$3,227

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

Recordkeeper by year3
2025Charles Schwab
2024Charles Schwab
2023Charles Schwab

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

Administrative cost history4
2025$159,033 · 0.02%
2024$151,394 · 0.02%
2023$154,107 · 0.03%
2022$148,884 · 0.03%
Same employer
Similar plansFinance & Insurance · Minnesota
Prime Therapeutics LLC MN$911.3M · 0.08%
Intact Services USA LLC MN$838.1M · 0.06%
Medica Services Company LLC MN$455.0M · 0.08%
Bremer Financial Corporation MN$346.0M · 0.14%
Tcf Financial Corporation MN$316.6M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 300168701 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.