Plan Ledger DOL Form 5500 · updated monthly

Surly Brewing Co.401(k)

SURLY BREWING CO. 401(K) PLAN · BROOKLYN CENTER, MN · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Surly Brewing Co. reported $24,299 in plan administrative expenses for 2024: 0.42% of average plan assets, below the peer median. Employer contributions averaged $737 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 0.59% to 0.42%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Minnesota (1,516th of 1,918), and 10,702nd of 13,661 in manufacturing. In 2024, employees put in $1.78 for every $1.00 the employer contributed; active participation has grown from 237 to 291 since 2022.

Plan summary
Net assets, end of year$5,947,713
Participants with balances153
Active participants291
Employer contributions$214,401
Employee contributions$381,163
Employer contribution per active participant$737
Average account balance$38,874
Benefits paid to participants$963,748
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.9M · 153 accts · $214K emplr
2023$5.6M · 164 accts · $198K emplr
2022$4.1M · 162 accts · $164K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,179
Investment management$5,120
Total administrative$24,299
The Surly Brewing Co. 401(k) match · 2024
Employer contribution per active participant$737
Median for plans this size$1,313
2024$737 per active participant
2023$722 per active participant
2022$693 per active participant

Surly Brewing Co.'s 2024 employer contribution ran below the $1,313 median for plans its size. 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 · 20242
EMPOWER ADVISORY GROUP, LLC · Investment management$5,120

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$24,299 · 0.42%
2023$18,703 · 0.39%
2022$26,838 · 0.59%
Same employer
Similar plansManufacturing · Minnesota
The Sierra Company LLC MN$6.5M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201385809 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.