Plan Ledger DOL Form 5500 · updated monthly

Solid-Employees LLC401(k)

SOLID-EMPLOYEES LLC RETIREMENT PLAN · WEST ST. PAUL, MN · plan year 2024

Reported admin expense ratio · 2024
0.87%

Solid-Employees LLC reported $8,796 in plan administrative expenses for 2024: 0.87% of average plan assets, higher than ~75% of peers. 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 1.55% to 0.87%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Minnesota (1,857th of 1,918), and 5,087th of 5,337 in construction. active participation has shrunk from 107 to 64 since 2022.

Plan summary
Net assets, end of year$1,100,669
Participants with balances74
Active participants64
Employer contributions—
Employee contributions$236,405
Employer contribution per active participant—
Average account balance$14,874
Benefits paid to participants$196,156
Plan auditUnmodified (clean) audit opinion
AuditorCOPELAND BUHL & COMPANY, PLLP
Plan history3
Yearassets · accounts · employer contribution
2024$1.1M · 74 accts
2023$933K · 105 accts
2022$635K · 129 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,836
Investment management$4,960
Total administrative$8,796
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 · 20241
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$8,795

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

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$8,796 · 0.87%
2023$11,542 · 1.47%
2022$7,907 · 1.55%
Similar plansConstruction · Minnesota
Phase Electric MN$1.4M · 0.28%
Norhart Inc. MN$1.3M · 0.12%
Rise Holding Company MN$750K · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 270688091 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.