Power/Mation Division, Inc.401(k)
POWER/MATION DIVISION, INC. EMPLOYEE RETIREMENT PROFIT SHARING PLAN · ST. PAUL, MN · plan year 2023
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
Power/Mation Division, Inc. reported $1,710 in plan administrative expenses for 2023: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,458 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 1 year on file its reported administrative ratio fell from 0.007% to 0.006%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other wholesale trade employers. By assets it is the 653rd-largest of 1,918 plans among Minnesota employers on file, and the 1,273rd of 4,246 in wholesale trade. In 2023, employees put in $2.69 for every $1.00 the employer contributed.
Power/Mation Division, Inc.'s 2023 employer contribution ran above the $2,440 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 410848859 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.