Plan Ledger DOL Form 5500 · updated monthly

Polaris Industries Inc.401(k)

POLARIS 401K RETIREMENT SAVINGS PLAN · MEDINA, MN · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Polaris Industries Inc. reported $617,319 in plan administrative expenses for 2024: 0.06% of average plan assets, above the peer median. Employer contributions averaged $4,514 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 0.062% to 0.058%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other manufacturing employers. By assets it is the 38th-largest of 1,918 plans among Minnesota employers on file, and the 301st of 13,661 in manufacturing. In 2024, employees put in $1.47 for every $1.00 the employer contributed; active participation has shrunk from 8,906 to 8,003 since 2022.

Plan summary
Net assets, end of year$1,124,575,606
Participants with balances10,746
Active participants8,003
Employer contributions$36,128,552
Employee contributions$52,960,058
Employer contribution per active participant$4,514
Average account balance$104,651
Benefits paid to participants$127,360,489
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.1B · 10,746 accts · $36.1M emplr
2023$1.0B · 11,115 accts · $37.0M emplr
2022$851.1M · 10,924 accts · $36.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$500,356
Total administrative$617,319
The Polaris Industries Inc. 401(k) match · 2024
Employer contribution per active participant$4,514
Median for plans this size$5,259
2024$4,514 per active participant
2023$4,102 per active participant
2022$4,068 per active participant

Polaris Industries Inc.'s 2024 employer contribution ran below the $5,259 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
FIDELITY INVESTMENTS · Recordkeeping · Loan processing$538,111
ERNST & YOUNG US LLP · Accounting / audit$45,000
MARSH INSURANCE & INVESTMENTS, LLC · Investment advisory (plan)$21,250
MICHAEL BEST & FRIEDRICH LLP · Legal$13,246

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$617,319 · 0.06%
2023$587,618 · 0.06%
2022$587,871 · 0.06%
Same employer
Similar plansManufacturing · Minnesota
Andersen Corporation MN$1.7B · 0.07%
Deluxe Corporation MN$1.5B · 0.14%
The Toro Company MN$1.4B · 0.02%
Hormel Foods Corporation MN$1.3B · 0.03%
Donaldson Company, Inc. MN$942.7M · 0.06%
Taylor Corporation MN$910.3M · 0.05%
Entegris, Inc. MN$880.8M · 0.04%
Cardinal Glass Industries MN$807.8M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411857431 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.