Plan Ledger DOL Form 5500 · updated monthly

The Arc Minnesota, Inc.DC plan

401(K) PROFIT SHARING PLAN OF THE ARC MINNESOTA, INC. · SAINT PAUL, MN · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

The Arc Minnesota, Inc. reported $21,956 in plan administrative expenses for 2024: 0.34% of average plan assets, below the peer median. Employer contributions averaged $2,182 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 0.00% to 0.34%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Minnesota (1,482nd of 1,918), and 2,092nd of 3,341 in other services. In 2024, employees put in $1.07 for every $1.00 the employer contributed; active participation has shrunk from 93 to 67 since 2022.

Plan summary
Net assets, end of year$6,432,879
Participants with balances173
Active participants67
Employer contributions$146,225
Employee contributions$156,584
Employer contribution per active participant$2,182
Average account balance$37,184
Benefits paid to participants$1,214,618
Plan auditUnmodified (clean) audit opinion
AuditorBAKER TILLEY US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$6.4M · 173 accts · $146K emplr
2023$6.4M · 231 accts · $81K emplr
2022$5.4M · 232 accts · $56K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,956
Total administrative$21,956
Employer contributions to the The Arc Minnesota, Inc. plan · 2024
Employer contribution per active participant$2,182
Median for plans this size$1,313
2024$2,182 per active participant
2023$1,058 per active participant
2022$601 per active participant

The Arc Minnesota, Inc.'s 2024 employer contribution ran above 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 · 20244
PRINCIPAL LIFE INSURANCE · Contract administrator$10,635
BREMER BANK · Investment advisory (plan)$5,088
DWC ERISA CONSULTANTS · Contract administrator · Other services$4,316
MORNINGSTAR INVESTMENT MANAGEMENT · Investment advisory (participants)indirect comp

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$21,956 · 0.34%
2023$1,100 · 0.02%
2022$109 · 0.00%
Same employer
Similar plansOther Services · Minnesota
Safenet Consulting Inc MN$7.0M · 0.69%
Simonson's Salon & Spa MN$6.5M · 0.54%
Rs Eden MN$5.8M · 0.63%
Mini Kix, Inc. MN$5.8M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410795254 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.