Plan Ledger DOL Form 5500 · updated monthly

Savanna Pallets, Inc.401(k)

SAVANNA PALLETS, INC. 401(K) PLAN · MCGREGOR, MN · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Savanna Pallets, Inc. reported $525 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,800 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 0.007% to 0.006%. 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 (1,309th of 1,918), and 8,842nd of 13,661 in manufacturing. In 2024, employees put in $2.12 for every $1.00 the employer contributed; active participation has grown from 125 to 139 since 2022.

Plan summary
Net assets, end of year$9,876,040
Participants with balances125
Active participants139
Employer contributions$250,141
Employee contributions$529,573
Employer contribution per active participant$1,800
Average account balance$79,008
Benefits paid to participants$249,078
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$9.9M · 125 accts · $250K emplr
2023$8.2M · 113 accts · $232K emplr
2022$6.6M · 104 accts · $227K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$525
Total administrative$525
The Savanna Pallets, Inc. 401(k) match · 2024
Employer contribution per active participant$1,800
Median for plans this size$1,313
2024$1,800 per active participant
2023$1,443 per active participant
2022$1,814 per active participant

Savanna Pallets, Inc.'s 2024 employer contribution ran above the $1,313 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.

Administrative cost history3
2024$525 · 0.01%
2023$400 · 0.01%
2022$475 · 0.01%
Similar plansManufacturing · Minnesota
Midwest Pipe Coating, Inc. MN$10.0M · 0.44%
Mikros Engineering, Inc. MN$10.0M · 0.06%
St. Croix Forge, Inc. MN$9.9M · 0.56%
Priority Envelope, Inc. MN$9.8M · 0.69%
American Converters, Inc. MN$9.8M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411599417 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.