Plan Ledger DOL Form 5500 · updated monthly

Think Small401(k)

THINK SMALL 401(K) PLAN · ST. PAUL, MN · plan year 2024

Reported admin expense ratio · 2024
0.76%

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

Think Small reported $41,588 in plan administrative expenses for 2024: 0.76% of average plan assets, above the peer median. Employer contributions averaged $2,430 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 0.72% to 0.76%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Minnesota (1,554th of 1,918), and 7,632nd of 11,911 in health care & social assistance. In 2024, employees put in $1.72 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,490,556
Participants with balances137
Active participants100
Employer contributions$242,963
Employee contributions$417,794
Employer contribution per active participant$2,430
Average account balance$40,077
Benefits paid to participants$1,557,371
Plan auditUnmodified (clean) audit opinion
AuditorABDO LLP
Plan history3
Yearassets · accounts · employer contribution
2024$5.5M · 137 accts · $243K emplr
2023$5.5M · 131 accts · $251K emplr
2022$5.1M · 126 accts · $240K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,588
Total administrative$41,588
The Think Small 401(k) match · 2024
Employer contribution per active participant$2,430
Median for plans this size$1,313
2024$2,430 per active participant
2023$2,592 per active participant
2022$2,377 per active participant

Think Small's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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
PRICIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$41,588
OSIAC WEALTH, INC. · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)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$41,588 · 0.76%
2023$39,558 · 0.75%
2022$38,768 · 0.72%
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Pioneer Home, Inc. MN$5.5M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411260581 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.