Plan Ledger DOL Form 5500 · updated monthly

Trustees of Minneapolis Operative Plasterers' Retirement PlanMoney purchase plan

MINNEAPOLIS OPERATIVE PLASTERERS' RETIREMENT PLAN · BLOOMINGTON, MN · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Trustees of Minneapolis Operative Plasterers' Retirement Plan reported $191,378 in plan administrative expenses for 2024: 0.28% of average plan assets, higher than ~75% of peers. Employer contributions averaged $12,911 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 0.26% to 0.28%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 383rd-largest of 1,918 plans among Minnesota employers on file, and the 835th of 5,337 in construction. active participation has shrunk from 255 to 168 since 2022.

Plan summary
Net assets, end of year$69,092,820
Participants with balances186
Active participants168
Employer contributions$2,168,965
Employee contributions—
Employer contribution per active participant$12,911
Average account balance$371,467
Benefits paid to participants$7,594,807
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$69.1M · 186 accts · $2.2M emplr
2023$67.5M · 268 accts · $2.2M emplr
2022$61.5M · 274 accts · $2.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,734
Investment management$28,500
Audit (IQPA)$16,000
Trustee / custodial$33,783
Total administrative$191,378
Employer contributions to the Trustees of Minneapolis Operative Plasterers' Retirement Plan plan · 2024
Employer contribution per active participant$12,911
Median for plans this size$3,635
2024$12,911 per active participant
2023$8,830 per active participant
2022$8,834 per active participant

Trustees of Minneapolis Operative Plasterers' Retirement Plan's 2024 employer contribution ran above the $3,635 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 · 20246
MILLIMAN, INC · Recordkeeping$34,334
WILSON-MCSHANE CORPORATION · Contract administrator · Recordkeeping$14,400
MATRIX TRUST COMPANY · Custodial (securities)$33,783
RBC WEALTH MANAGEMENT · Investment advisory (participants)$28,500
SHUMAKER, LOOP AND KENDRICK · Legal$26,584
LEGACY PROFESSIONALS, LLP · Accounting / audit$16,000

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Milliman, WILSON-MCSHANE CORPORATION
2023Milliman, WILSON-MCSHANE CORPORATION

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$191,378 · 0.28%
2023$191,574 · 0.30%
2022$164,495 · 0.26%
Similar plansConstruction · Minnesota
Veit & Company, Inc. MN$73.3M · 0.20%
Egan Company MN$71.0M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 416132957 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.