Plan Ledger DOL Form 5500 · updated monthly

Summit Orthopedics, LTD.401(k)

SUMMIT ORTHOPEDICS, LTD. 401(K) PROFIT SHARING PLAN · WOODBURY, MN · plan year 2024

Reported admin expense ratio · 2024
0.15%

Summit Orthopedics, LTD. reported $212,499 in plan administrative expenses for 2024: 0.15% of average plan assets, above the peer median. 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 3 years on file its reported administrative ratio has held roughly steady near 0.149%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 197th-largest of 1,918 plans among Minnesota employers on file, and the 779th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$153,293,934
Participants with balances1,478
Active participants1,176
Employer contributions—
Employee contributions$9,402,240
Employer contribution per active participant—
Average account balance$103,717
Benefits paid to participants$5,375,135
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI
Plan history3
Yearassets · accounts · employer contribution
2024$153.3M · 1,478 accts
2023$132.8M · 1,474 accts · $5.5M emplr
2022$108.7M · 1,340 accts · $4.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$100,567
Investment management$111,932
Total administrative$212,499
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 · 20246
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$111,128
CREATIVE PLANNING HOLDCO LLC · Investment management$53,462
FISHER INVESTMENTS · Investment advisory (participants)$29,104
360 FINANCIAL INC · Investment management$11,272
SNS FINANCIAL GROUP LLC · Investment advisory (participants)$5,046
CHARLES SCHWAB & CO., INC. · Securities brokerage$206

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

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Administrative cost history3
2024$212,499 · 0.15%
2023$183,348 · 0.15%
2022$175,365 · 0.15%
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Park Dental Partners, Inc. MN$198.6M · 0.07%
Pdg, P.A. MN$137.6M · 0.11%
Cassia MN$128.2M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411762331 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.