Plan Ledger DOL Form 5500 · updated monthly

Sand Companies, Inc.401(k)

SAND COMPANIES, INC. 401(K) PLAN AND TRUST · WAITE PARK, MN · plan year 2024

Reported admin expense ratio · 2024
1.03%

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

Sand Companies, Inc. reported $117,369 in plan administrative expenses for 2024: 1.03% of average plan assets, higher than ~90% of peers. Employer contributions averaged $822 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 3 years on file its reported administrative ratio has held roughly steady near 1.029%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Minnesota (1,189th of 1,918), and 2,771st of 5,337 in construction. In 2024, employees put in $2.04 for every $1.00 the employer contributed; active participation has grown from 347 to 457 since 2022.

Plan summary
Net assets, end of year$12,248,930
Participants with balances236
Active participants457
Employer contributions$375,773
Employee contributions$765,024
Employer contribution per active participant$822
Average account balance$51,902
Benefits paid to participants$907,903
Plan auditUnmodified (clean) audit opinion
AuditorSCHLENNER WENNER & CO
Plan history3
Yearassets · accounts · employer contribution
2024$12.2M · 236 accts · $376K emplr
2023$10.6M · 240 accts · $327K emplr
2022$9.4M · 230 accts · $316K emplr
Administrative expenses, itemized · 2024
Investment management$71,333
Audit (IQPA)$10,750
Total administrative$117,369
The Sand Companies, Inc. 401(k) match · 2024
Employer contribution per active participant$822
Median for plans this size$2,416
2024$822 per active participant
2023$768 per active participant
2022$911 per active participant

Sand Companies, Inc.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$35,286
ACCREDITED INVESTOR SERVICES, LLC · Consulting · Investment advisory (participants)$71,333
SCHLENNER WENNER & CO. · Accounting / audit$10,750

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

Recordkeeper by year2
2024Alerus
2023Alerus

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Administrative cost history3
2024$117,369 · 1.03%
2023$108,386 · 1.08%
2022$107,757 · 1.03%
Same employer
Similar plansConstruction · Minnesota
Idc Group, Inc. MN$14.1M · 0.09%
Schwieters Companies, Inc. MN$11.6M · 0.50%
Highmark Companies, Inc. MN$11.4M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411741095 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.