Plan Ledger DOL Form 5500 · updated monthly

Tolomatic, Inc.401(k)

TOLOMATIC, INC. 401(K) & PROFIT SHARING PLAN · HAMEL, MN · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Tolomatic, Inc. reported $92,189 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $2,390 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 0.25% to 0.24%. 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 571st-largest of 1,918 plans among Minnesota employers on file, and the 3,648th of 13,661 in manufacturing. In 2024, employees put in $3.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$40,453,673
Participants with balances290
Active participants244
Employer contributions$583,048
Employee contributions$1,786,129
Employer contribution per active participant$2,390
Average account balance$139,495
Benefits paid to participants$3,617,383
Plan auditUnmodified (clean) audit opinion
AuditorLEWIS, KISCH & ASSOC., LTD
Plan history3
Yearassets · accounts · employer contribution
2024$40.5M · 290 accts · $583K emplr
2023$36.6M · 297 accts · $790K emplr
2022$30.2M · 292 accts · $889K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,080
Investment management$51,298
Audit (IQPA)$7,811
Total administrative$92,189
The Tolomatic, Inc. 401(k) match · 2024
Employer contribution per active participant$2,390
Median for plans this size$2,416
2024$2,390 per active participant
2023$3,319 per active participant
2022$3,690 per active participant

Tolomatic, Inc.'s 2024 employer contribution ran below 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 · 20243
NFP CORPORATE SERVICES (MN) INC · Investment advisory (plan)$51,298
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$33,080
LEWIS, KISCH & ASSOCIATES, LTD. · Accounting / audit$7,811

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$92,189 · 0.24%
2023$79,594 · 0.24%
2022$81,474 · 0.25%
Same employer
Similar plansManufacturing · Minnesota
Beckhoff Automation, LLC MN$43.3M · 0.11%
Nahan Printing, Inc. MN$41.6M · 0.14%
Gopher Resource, LLC MN$41.4M · 0.12%
Process Displays, LLC MN$39.2M · 0.63%
Anagram International, LLC MN$38.8M · 0.07%
Le Sueur, Incorporated MN$37.2M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410800494 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.