Plan Ledger DOL Form 5500 · updated monthly

Sick, Inc.401(k)

SICK USA RETIREMENT SAVINGS PLAN · MINNEAPOLIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Sick, Inc. reported $162,670 in plan administrative expenses for 2024: 0.08% of average plan assets, below the peer median. Employer contributions averaged $10,745 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 0.09% to 0.08%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 148th-largest of 1,918 plans among Minnesota employers on file, and the 213th of 4,246 in wholesale trade. In 2024, employees put in $1.15 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$228,360,652
Participants with balances1,049
Active participants852
Employer contributions$9,154,656
Employee contributions$10,543,162
Employer contribution per active participant$10,745
Average account balance$217,694
Benefits paid to participants$15,086,131
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$228.4M · 1,049 accts · $9.2M emplr
2023$195.3M · 1,077 accts · $10.5M emplr
2022$156.1M · 1,075 accts · $8.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$62,260
Investment management$79,000
Audit (IQPA)$21,410
Total administrative$162,670
The Sick, Inc. 401(k) match · 2024
Employer contribution per active participant$10,745
Median for plans this size$3,635
2024$10,745 per active participant
2023$11,921 per active participant
2022$9,778 per active participant

Sick, Inc.'s 2024 employer contribution ran above the $3,635 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
NFP RETIREMENT INC · Investment advisory (plan)$79,000
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$62,260
WIPFLI · Accounting / audit$21,410

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$162,670 · 0.08%
2023$141,868 · 0.08%
2022$154,944 · 0.09%
Same employer
Similar plansWholesale Trade · Minnesota
Digi-Key Corporation MN$490.8M · 0.12%
Convergeone Holdings, Inc. MN$348.1M · 0.13%
Marco, Inc. MN$151.4M · 0.13%
Oxygen Service Co., Inc. MN$133.0M · 0.00%
Kgpco, Inc. MN$107.1M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410970193 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.