Plan Ledger DOL Form 5500 · updated monthly

Proto Labs, Inc.401(k)

PROTOLABS, INC. 401(K) PLAN · MAPLE PLAIN, MN · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Proto Labs, Inc. reported $169,463 in plan administrative expenses for 2024: 0.16% of average plan assets, above the peer median. Employer contributions averaged $2,749 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 0.17% to 0.16%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 259th-largest of 1,918 plans among Minnesota employers on file, and the 1,775th of 13,661 in manufacturing. In 2024, employees put in $1.99 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$110,020,929
Participants with balances1,740
Active participants1,613
Employer contributions$4,434,538
Employee contributions$8,827,889
Employer contribution per active participant$2,749
Average account balance$63,230
Benefits paid to participants$14,746,616
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$110.0M · 1,740 accts · $4.4M emplr
2023$97.7M · 1,813 accts · $4.2M emplr
2022$78.1M · 1,787 accts · $3.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$86,226
Investment management$83,237
Total administrative$169,463
The Proto Labs, Inc. 401(k) match · 2024
Employer contribution per active participant$2,749
Median for plans this size$3,635
2024$2,749 per active participant
2023$2,656 per active participant
2022$2,379 per active participant

Proto Labs, 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 · 20242
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$86,226
MORGAN STANLEY GLOBAL BANKING OPER · Insurance services · Investment advisory (plan)$83,237

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$169,463 · 0.16%
2023$149,093 · 0.17%
2022$145,706 · 0.17%
Same employer
Similar plansManufacturing · Minnesota
Superior Industries, Inc. MN$116.5M · 0.41%
The Imagine Group MN$116.4M · 0.27%
Turck Inc. MN$116.1M · 0.03%
Ip Corporation MN$115.7M · 0.09%
Wenger Corporation MN$108.4M · 0.09%
The Wells Companies MN$108.0M · 0.08%
Ergotron, Inc. MN$106.9M · 0.21%
Gemini, Incorporated MN$105.8M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411939628 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.