Plan Ledger DOL Form 5500 · updated monthly

Productivity, Inc.401(k)

PRODUCTIVITY, INC. SAVINGS & PROFIT SHARING PLAN AND TRUST · MINNEAPOLIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Productivity, Inc. reported $161,490 in plan administrative expenses for 2024: 0.29% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,310 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 0.31% to 0.29%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 429th-largest of 1,918 plans among Minnesota employers on file, and the 701st of 4,246 in wholesale trade. In 2024, employees put in $3.92 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$58,315,236
Participants with balances416
Active participants372
Employer contributions$859,293
Employee contributions$3,368,021
Employer contribution per active participant$2,310
Average account balance$140,181
Benefits paid to participants$5,731,067
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$58.3M · 416 accts · $859K emplr
2023$52.3M · 403 accts · $843K emplr
2022$45.4M · 384 accts · $638K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$93,294
Investment management$68,196
Total administrative$161,490
The Productivity, Inc. 401(k) match · 2024
Employer contribution per active participant$2,310
Median for plans this size$3,635
2024$2,310 per active participant
2023$2,342 per active participant
2022$1,787 per active participant

Productivity, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20243
INTELLICENTS INVESTMENT SOLUTIONS I · Recordkeeping · Trustee$68,196
ADP, INC. · Loan processing · Recordkeeping$56,280
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, INTELLICENTS INVESTMENT SOLUTIONS I
2023ADP, INTELLICENTS INVESTMENT SOLUTIONS I

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Administrative cost history3
2024$161,490 · 0.29%
2023$157,568 · 0.32%
2022$149,483 · 0.31%
Same employer
Similar plansWholesale Trade · Minnesota
Sps Companies, Inc. MN$73.4M · 0.00%
Nott Company MN$54.5M · 0.06%
E.A. Sween Company MN$53.7M · 0.35%
Aep Holdings, Inc. MN$53.2M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410945575 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.