Plan Ledger DOL Form 5500 · updated monthly

The Goodman Group, Inc.401(k)

THE GOODMAN GROUP, ITS MEMBERS & AFFIL. RETIREMENT SAVINGS PLAN · CHASKA, MN · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

The Goodman Group, Inc. reported $207,662 in plan administrative expenses for 2024: 0.28% of average plan assets, higher than ~75% of peers. Employer contributions averaged $645 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 0.32% to 0.28%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other management of companies employers. By assets it is the 340th-largest of 1,918 plans among Minnesota employers on file, and the 229th of 786 in management of companies. In 2024, employees put in $2.70 for every $1.00 the employer contributed; active participation has grown from 3,112 to 3,652 since 2022.

Plan summary
Net assets, end of year$79,487,477
Participants with balances1,989
Active participants3,652
Employer contributions$2,354,742
Employee contributions$6,348,080
Employer contribution per active participant$645
Average account balance$39,964
Benefits paid to participants$9,392,947
Plan auditUnmodified (clean) audit opinion
AuditorBOYUM BARENSCHEER
Plan history3
Yearassets · accounts · employer contribution
2024$79.5M · 1,989 accts · $2.4M emplr
2023$69.9M · 1,978 accts · $2.4M emplr
2022$57.7M · 1,862 accts · $2.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$155,969
Investment management$51,693
Total administrative$207,662
The The Goodman Group, Inc. 401(k) match · 2024
Employer contribution per active participant$645
Median for plans this size$3,635
2024$645 per active participant
2023$697 per active participant
2022$662 per active participant

The Goodman Group, Inc.'s 2024 employer contribution ran below the $3,635 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
ADP, INC. · Loan processing · Recordkeeping$155,969
401K ADVISORS INC · Recordkeeping · Trustee$51,693
ADP BROKER-DEALERindirect 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
2024401K ADVISORS INC, ADP
2023401K ADVISORS INC, ADP

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Administrative cost history3
2024$207,662 · 0.28%
2023$186,877 · 0.29%
2022$198,617 · 0.32%
Same employer
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Pohlad Companies, LLC MN$371.4M · 0.07%
Granite Equity Partners MN$283.4M · 0.06%
The Churchill Companies MN$216.8M · 0.06%
Kindeva Drug Delivery L.P. MN$106.4M · 0.22%
Finlayson Bancshares, Inc. MN$30.0M · 0.15%
Security Bancshares Company MN$24.5M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411914496 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.