Plan Ledger DOL Form 5500 · updated monthly

Trustees of Minnesota Ceramic Tile and Allied Trades Retirement FundProfit-sharing plan

MINNESOTA CERAMIC TILE AND ALLIED TRADES RETIREMENT FUND · MENDOTA HEIGHTS, MN · plan year 2024

Reported admin expense ratio · 2024
0.60%

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

Trustees of Minnesota Ceramic Tile and Allied Trades Retirement Fund reported $253,513 in plan administrative expenses for 2024: 0.60% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,789 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 0.64% to 0.60%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 551st-largest of 1,918 plans among Minnesota employers on file, and the 1,170th of 5,337 in construction.

Plan summary
Net assets, end of year$43,487,330
Participants with balances640
Active participants525
Employer contributions$1,464,470
Employee contributions—
Employer contribution per active participant$2,789
Average account balance$67,949
Benefits paid to participants$2,732,504
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$43.5M · 640 accts · $1.5M emplr
2023$40.8M · 585 accts · $1.2M emplr
2022$38.2M · 643 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$103,473
Investment management$40,000
Audit (IQPA)$18,500
Trustee / custodial$14,143
Total administrative$253,513
Employer contributions to the Trustees of Minnesota Ceramic Tile and Allied Trades Retirement Fund plan · 2024
Employer contribution per active participant$2,789
Median for plans this size$2,416
2024$2,789 per active participant
2023$2,950 per active participant
2022$2,374 per active participant

Trustees of Minnesota Ceramic Tile and Allied Trades Retirement Fund'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 · 20247
MILLIMAN, INC · Contract administrator · Recordkeeping$39,358
ZENITH AMERICAN SOLUTIONS, INC. · Contract administrator$57,911
RBC WEALTH MANAGEMENT · Investment advisory (participants)$40,000
SHUMAKER LOOP & KENDRICK · Legal$20,021
LEGACY PROFESSIONALS LLP · Accounting / audit$18,500
MATRIX TRUST COMPANY · Custodial (securities)$13,825
BAC SERVICE CORPORATION · Contract administrator$6,455

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
2023Milliman

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

Administrative cost history3
2024$253,513 · 0.60%
2023$272,675 · 0.69%
2022$268,442 · 0.64%
Similar plansConstruction · Minnesota
Sitelogiq, Inc MN$44.6M · 0.17%
Corval Group, Inc. MN$44.1M · 0.10%
Weis Builders, Inc. MN$40.2M · 0.17%
Knutson Holdings, Inc. MN$39.5M · 0.36%
Paladin Technologies MN$35.3M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 416059404 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.