Plan Ledger DOL Form 5500 · updated monthly

The Dynamic Group, Inc401(k)

THE DYNAMIC GROUP, INC. 401(K) RETIREMENT SAVINGS PLAN · RAMSEY, MN · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

The Dynamic Group, Inc reported $7,624 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $519 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 0.05% to 0.06%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Minnesota (1,152nd of 1,918), and 7,726th of 13,661 in manufacturing. In 2024, employees put in $9.53 for every $1.00 the employer contributed; active participation has shrunk from 110 to 91 since 2022.

Plan summary
Net assets, end of year$12,957,790
Participants with balances122
Active participants91
Employer contributions$47,228
Employee contributions$450,309
Employer contribution per active participant$519
Average account balance$106,211
Benefits paid to participants$1,151,102
Plan auditUnmodified (clean) audit opinion
AuditorLB CARLSON, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$13.0M · 122 accts · $47K emplr
2023$11.9M · 123 accts · $56K emplr
2022$10.1M · 130 accts · $51K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,075
Investment management$6,549
Total administrative$7,624
The The Dynamic Group, Inc 401(k) match · 2024
Employer contribution per active participant$519
Median for plans this size$2,416
2024$519 per active participant
2023$570 per active participant
2022$460 per active participant

The Dynamic Group, 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 · 20242
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$6,549
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$1,075

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$7,624 · 0.06%
2023$6,290 · 0.06%
2022$5,063 · 0.05%
Same employer
Similar plansManufacturing · Minnesota
Lakeshirts, Inc. MN$13.6M · 0.60%
Sabrosura Foods, LLC MN$13.5M · 0.68%
Thern, Inc. MN$13.3M · 0.03%
L&M Radiator, Inc. MN$12.9M · 0.73%
Felling Trailers, Inc. MN$12.9M · 0.78%
Gls Industries, Inc. MN$12.8M · 0.38%
Umi Company, Inc. MN$12.7M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411987904 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.