Plan Ledger DOL Form 5500 · updated monthly

Southview Design, Inc. dba Southview Design401(k)

SOUTHVIEW DESIGN, INC. 401(K) PROFIT SHARING PLAN · ST. PAUL, MN · plan year 2023

Reported admin expense ratio · 2023
0.98%

Southview Design, Inc. dba Southview Design reported $34,571 in plan administrative expenses for 2023: 0.98% 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 1 year on file its reported administrative ratio fell from 1.54% to 0.98%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Minnesota (1,662nd of 1,918), and 4,240th of 5,337 in construction.

Plan summary
Net assets, end of year$3,973,827
Participants with balances111
Active participants144
Employer contributions—
Employee contributions$418,487
Employer contribution per active participant—
Average account balance$35,800
Benefits paid to participants$152,757
Plan auditUnmodified (clean) audit opinion
AuditorREDPATH & COMPANY LLC
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$4.0M · 111 accts
2022$3.1M · 115 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$18,763
Investment management$15,808
Total administrative$34,571
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
MINNESOTA LIFE INSURANCE COMPANY · Contract administrator · Recordkeeping$18,763
KESTRA ADVISORY SERVICES, LLC · Pension consulting · Investment advisory (plan)$15,808

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

Administrative cost history3
2024Not separately reported
2023$34,571 · 0.98%
2022$53,180 · 1.54%
Similar plansConstruction · Minnesota
Legacy Restoration, LLC MN$4.9M · 1.15%
Hero Home Services, Inc. MN$4.5M · 0.86%
Horizon Roofing, Inc. MN$3.5M · 0.01%
Decook Excavating, Inc. MN$3.0M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 264114866 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.