Plan Ledger DOL Form 5500 · updated monthly

Tennant Company401(k) + ESOP (KSOP)

TENNANT COMPANY RETIREMENT SAVINGS PLAN · EDEN PRAIRIE, MN · plan year 2025

Reported admin expense ratio · 2025
0.08%

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

Tennant Company reported $363,575 in plan administrative expenses for 2025: 0.08% of average plan assets, above the peer median. Employer contributions averaged $2,928 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 3 years on file its reported administrative ratio rose from 0.07% to 0.08%. The plan sits in the $250M–$1B size bracket, benchmarked here against 230 comparable plans and shown alongside other manufacturing employers. By assets it is the 87th-largest of 1,918 plans among Minnesota employers on file, and the 576th of 13,661 in manufacturing. In 2025, employees put in $3.12 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$486,393,257
Participants with balances2,886
Active participants1,854
Employer contributions$5,429,126
Employee contributions$16,945,042
Employer contribution per active participant$2,928
Average account balance$168,535
Benefits paid to participants$58,326,525
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$486.4M · 2,886 accts · $5.4M emplr
2024$450.2M · 2,931 accts · $10.0M emplr
2023$421.2M · 2,797 accts · $8.9M emplr
2022$373.3M · 2,713 accts · $5.9M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$133,308
Investment management$193,465
Audit (IQPA)$36,803
Total administrative$363,575
The Tennant Company 401(k) match · 2025
Employer contribution per active participant$2,928
Median for plans this size$4,295
2025$2,928 per active participant
2024$4,984 per active participant
2023$4,726 per active participant
2022$3,299 per active participant

Tennant Company's 2025 employer contribution ran below the $4,295 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$193,465
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$133,308
EIDE BAILLY LLP · Accounting / audit$36,803

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

Administrative cost history4
2025$363,575 · 0.08%
2024$323,717 · 0.07%
2023$303,060 · 0.08%
2022$310,012 · 0.07%
Same employer
Similar plansManufacturing · Minnesota
Vista Outdoor Inc. MN$567.8M · 0.16%
H.B. Fuller Company MN$529.3M · 0.21%
Apogee Enterprises, Inc. MN$497.1M · 0.12%
Entrust Corporation MN$471.6M · 0.05%
Toppan Merrill LLC MN$460.8M · 0.04%
Ablenet, Inc. MN$454.6M

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Source: U.S. Department of Labor, Form 5500 series, EIN 410572550 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.