Plan Ledger DOL Form 5500 · updated monthly

Taher, Inc.401(k)

TAHER, INC. 401(K) PLAN · MINNETONKA, MN · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Taher, Inc. reported $38,488 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $47 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 0.24% to 0.27%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Minnesota (1,072nd of 1,918), and the 405th of 2,240 in accommodation & food services. In 2024, employees put in $18.32 for every $1.00 the employer contributed; active participation has grown from 1,571 to 1,800 since 2022.

Plan summary
Net assets, end of year$15,030,949
Participants with balances692
Active participants1,800
Employer contributions$83,724
Employee contributions$1,533,741
Employer contribution per active participant$47
Average account balance$21,721
Benefits paid to participants$1,925,772
Plan auditUnmodified (clean) audit opinion
AuditorSMITH SCHAFER & ASSOCIATES LTD
Plan history3
Yearassets · accounts · employer contribution
2024$15.0M · 692 accts · $84K emplr
2023$13.2M · 640 accts
2022$11.7M · 581 accts · $879 emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,090
Investment management$27,398
Total administrative$38,488
The Taher, Inc. 401(k) match · 2024
Employer contribution per active participant$47
Median for plans this size$2,416
2024$47 per active participant
2022$1 per active participant

Taher, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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
SIKICH CAPITAL MANAGEMENT, LLC · Recordkeeping · Trustee$27,397
ADP, INC. · Loan processing · Recordkeeping$11,090
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, SIKICH CAPITAL MANAGEMENT, LLC
2023ADP, SIKICH CAPITAL MANAGEMENT, LLC

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

Administrative cost history3
2024$38,488 · 0.27%
2023$32,522 · 0.26%
2022$32,938 · 0.24%
Similar plansAccommodation & Food Services · Minnesota
Border Foods, LLC. MN$21.0M · 0.68%
Davanni's, Inc. MN$15.4M · 0.42%
Concourse Hotel Inc MN$13.5M · 0.27%
Burwell Enterprises, LLC MN$10.4M · 0.45%
Etoc Company, Inc. MN$9.0M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411401690 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.