Plan Ledger DOL Form 5500 · updated monthly

Salo, LLC401(k)

SALO, LLC 401(K) PLAN · MINNEAPOLIS, MN · plan year 2022

Reported admin expense ratio · 2022
0.29%

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

Salo, LLC reported $113,303 in plan administrative expenses for 2022: 0.29% of average plan assets, above the peer median. Employer contributions averaged $1 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other administrative & support services employers. By assets it is the 592nd-largest of 1,918 plans among Minnesota employers on file, and the 383rd of 2,534 in administrative & support services. In 2022, employees put in $12810.85 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$37,925,898
Participants with balances1,033
Active participants856
Employer contributions$675
Employee contributions$8,647,326
Employer contribution per active participant$1
Average account balance$36,714
Benefits paid to participants$5,043,137
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$0
2022$37.9M · 1,033 accts · $675 emplr
Administrative expenses, itemized · 2022
Investment management$7,126
Total administrative$113,303
The Salo, LLC 401(k) match · 2022
Employer contribution per active participant$1
Median for plans this size$2,266

Salo, LLC's 2022 employer contribution ran below the $2,266 median for plans its size, in the bottom 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$113,303 · 0.29%
Same employer
Similar plansAdministrative & Support Services · Minnesota
Carlson, Inc. MN$72.1M · 0.06%
Pro Systems Corporation MN$50.4M · 0.89%
Procare HR Corporation I MN$49.1M · 1.30%
I.C. System, Inc. MN$36.9M · 0.12%
Leeco Support Services MN$31.4M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 810572797 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.