Plan Ledger DOL Form 5500 · updated monthly

Timesavers Acquisition, LLC.401(k)

INCOMPASS RETIREMENT PLAN · MAPLE GROVE, MN · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Timesavers Acquisition, LLC. reported $71,561 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $2,994 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 0.46% to 0.38%. 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 the 916th-largest of 1,918 plans among Minnesota employers on file, and the 6,080th of 13,661 in manufacturing. In 2024, employees put in $1.75 for every $1.00 the employer contributed; active participation has grown from 111 to 221 since 2022.

Plan summary
Net assets, end of year$19,235,843
Participants with balances234
Active participants221
Employer contributions$661,593
Employee contributions$1,158,269
Employer contribution per active participant$2,994
Average account balance$82,204
Benefits paid to participants$3,660,712
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.2M · 234 accts · $662K emplr
2023$18.6M · 217 accts · $870K emplr
2022$10.1M · 141 accts · $242K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,369
Investment management$37,192
Total administrative$71,561
The Timesavers Acquisition, LLC. 401(k) match · 2024
Employer contribution per active participant$2,994
Median for plans this size$2,416
2024$2,994 per active participant
2023$4,461 per active participant
2022$2,180 per active participant

Timesavers Acquisition, LLC.'s 2024 employer contribution ran above the $2,416 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
ADP, INC. · Loan processing · Recordkeeping$34,368
MESIROW FINANCIAL INC · Recordkeeping · Trustee$27,996
CREATIVE PLANNING HOLDCO, LLC · Recordkeeping · Trustee$9,196
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
2024ADP, CREATIVE PLANNING HOLDCO, LLC, MESIROW FINANCIAL INC
2023ADP, MESTROW FINANCIAL INC

This plan has changed recordkeepers within these filings. If you left Timesavers Acquisition, LLC. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$71,561 · 0.38%
2023$40,870 · 0.29%
2022$49,459 · 0.46%
Same employer
Similar plansManufacturing · Minnesota
Carley Foundry, Inc. MN$19.9M · 0.36%
Trystar, LLC MN$19.8M · 0.05%
Everidge, Inc. MN$19.2M · 0.68%
H2O Innovation USA, Inc. MN$18.6M · 0.48%
Intek Plastics Inc. MN$18.4M · 0.20%
American Spirit Corporation MN$17.9M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371743331 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.