Plan Ledger DOL Form 5500 · updated monthly

The Smead Manufacturing Company401(k)

THE SMEAD MANUFACTURING COMPANY EMPLOYEES' INVESTMENT PLAN AND TRUST · HASTINGS, MN · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

The Smead Manufacturing Company reported $126,297 in plan administrative expenses for 2024: 0.11% of average plan assets, below the peer median. Employer contributions averaged $201 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 0.12% to 0.11%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 240th-largest of 1,918 plans among Minnesota employers on file, and the 1,670th of 13,661 in manufacturing. In 2024, employees put in $28.81 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$119,202,735
Participants with balances772
Active participants519
Employer contributions$104,210
Employee contributions$3,001,909
Employer contribution per active participant$201
Average account balance$154,408
Benefits paid to participants$15,772,845
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$119.2M · 772 accts · $104K emplr
2023$118.4M · 818 accts · $579K emplr
2022$108.6M · 288 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$70,156
Investment management$56,141
Total administrative$126,297
The The Smead Manufacturing Company 401(k) match · 2024
Employer contribution per active participant$201
Median for plans this size$3,635
2024$201 per active participant
2023$1,010 per active participant
2022$2,002 per active participant

The Smead Manufacturing Company'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 · 20242
EMPOWER ADVISORY GROUP, LLC · Investment management$56,141

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$126,297 · 0.11%
2023$126,436 · 0.11%
2022$136,601 · 0.12%
Same employer
Similar plansManufacturing · Minnesota
Miller Waste Mills, Inc. MN$130.0M · 0.13%
Cemstone Products Company MN$129.0M · 0.25%
Datasite LLC MN$120.7M · 0.04%
Instant Web, LLC MN$117.7M · 0.15%
Zinpro Corporation MN$116.7M · 0.00%
Superior Industries, Inc. MN$116.5M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410543420 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.