Plan Ledger DOL Form 5500 · updated monthly

Resolution Medical Midco LLC401(k)

RESOLUTION MEDICAL 401(K) PLAN · FRIDLEY, MN · plan year 2024

Reported admin expense ratio · 2024
1.07%

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

Resolution Medical Midco LLC reported $95,002 in plan administrative expenses for 2024: 1.07% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,184 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 rose from 0.53% to 1.07%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Minnesota (1,288th of 1,918), and 8,648th of 13,661 in manufacturing. In 2024, employees put in $2.55 for every $1.00 the employer contributed; active participation has grown from 156 to 184 since 2022.

Plan summary
Net assets, end of year$10,305,900
Participants with balances216
Active participants184
Employer contributions$585,799
Employee contributions$1,492,301
Employer contribution per active participant$3,184
Average account balance$47,713
Benefits paid to participants$1,002,297
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.3M · 216 accts · $586K emplr
2023$7.5M · 207 accts · $507K emplr
2022$5.4M · 179 accts · $432K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,836
Total administrative$95,002
The Resolution Medical Midco LLC 401(k) match · 2024
Employer contribution per active participant$3,184
Median for plans this size$1,313
2024$3,184 per active participant
2023$2,819 per active participant
2022$2,767 per active participant

Resolution Medical Midco LLC's 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$48,835
STRONG TOWER ADVISORY SERVICES · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT · Investment advisory (participants)indirect comp

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$95,002 · 1.07%
2023$34,174 · 0.53%
2022$26,931 · 0.53%
Similar plansManufacturing · Minnesota
Decimet Sales, Inc. MN$10.5M · 0.41%
Stylmark, Inc. MN$10.5M · 0.27%
Chandler Exhibits, Inc. MN$10.3M · 0.66%
Virnig Manufacturing Inc MN$10.3M · 0.24%
Midwest Pipe Coating, Inc. MN$10.0M · 0.44%
Mikros Engineering, Inc. MN$10.0M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 863785360 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.