Plan Ledger DOL Form 5500 · updated monthly

Twin City Hardware Company401(k)

TWIN CITY HARDWARE COMPANY 401(K) SAVINGS PLAN AND TRUST · OAKDALE, MN · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Twin City Hardware Company reported $23,034 in plan administrative expenses for 2024: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,056 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 0.05% to 0.07%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 642nd-largest of 1,918 plans among Minnesota employers on file, and the 946th of 5,215 in retail trade. In 2024, employees put in $1.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$33,434,484
Participants with balances323
Active participants255
Employer contributions$1,289,407
Employee contributions$1,527,417
Employer contribution per active participant$5,056
Average account balance$103,512
Benefits paid to participants$1,954,353
Plan auditUnmodified (clean) audit opinion
AuditorDS&B, LTD
Plan history3
Yearassets · accounts · employer contribution
2024$33.4M · 323 accts · $1.3M emplr
2023$28.4M · 297 accts · $1.2M emplr
2022$23.8M · 301 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,034
Total administrative$23,034
The Twin City Hardware Company 401(k) match · 2024
Employer contribution per active participant$5,056
Median for plans this size$2,416
2024$5,056 per active participant
2023$5,066 per active participant
2022$4,591 per active participant

Twin City Hardware Company's 2024 employer contribution ran above the $2,416 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 · 20242
TAX SHELTERED COMPENSATION, INC.$6,989
MORNINGSTAR · 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$23,034 · 0.07%
2023$26,456 · 0.10%
2022$12,053 · 0.05%
Same employer
Similar plansRetail Trade · Minnesota
L & M Supply, Inc. MN$40.4M · 0.40%
Bachman's Inc. MN$39.1M · 0.15%
Apple Valley Ford, Inc. MN$33.9M · 0.05%
Astrup Drug, Inc. MN$33.7M · 0.29%
Warners Stellian Co., Inc. MN$32.2M · 0.29%
Rockler Companies, Inc. MN$31.9M · 0.20%
Running Supply, Inc. MN$31.6M · 0.33%
Hirshfield's, Inc. MN$31.1M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410832446 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.