Plan Ledger DOL Form 5500 · updated monthly

Siteimprove, Inc.401(k)

SITEIMPROVE, INC. 401(K) PLAN · BLOOMINGTON, MN · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Siteimprove, Inc. reported $84,046 in plan administrative expenses for 2024: 0.53% of average plan assets, higher than ~75% of peers. Employer contributions averaged $6,211 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 0.36% to 0.53%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Minnesota (963rd of 1,918), and 5,961st of 11,654 in professional & technical services. In 2024, employees put in $1.94 for every $1.00 the employer contributed; active participation has shrunk from 212 to 175 since 2022.

Plan summary
Net assets, end of year$17,792,739
Participants with balances302
Active participants175
Employer contributions$1,086,851
Employee contributions$2,112,683
Employer contribution per active participant$6,211
Average account balance$58,916
Benefits paid to participants$2,065,068
Plan auditUnmodified (clean) audit opinion
AuditorELLINGSON & ELLINGSON, LTD.
Plan history3
Yearassets · accounts · employer contribution
2024$17.8M · 302 accts · $1.1M emplr
2023$13.7M · 308 accts · $1.0M emplr
2022$10.0M · 322 accts · $788K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$84,046
Total administrative$84,046
The Siteimprove, Inc. 401(k) match · 2024
Employer contribution per active participant$6,211
Median for plans this size$2,416
2024$6,211 per active participant
2023$5,934 per active participant
2022$3,718 per active participant

Siteimprove, Inc.'s 2024 employer contribution ran above the $2,416 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$84,045
CREATIVE PLANNING, INC. · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · 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$84,046 · 0.53%
2023$46,628 · 0.39%
2022$37,292 · 0.36%
Same employer
Similar plansProfessional & Technical Services · Minnesota
Total Expert, Inc. MN$18.0M · 0.83%
Wenck Enterprises, Inc. MN$17.9M · 0.78%
Avionte, LLC MN$17.6M · 0.07%
Exb Solutions, Inc. MN$16.9M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 203425009 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.