Plan Ledger DOL Form 5500 · updated monthly

United States Distilled Products Company401(k)

UNITED STATES DISTILLED PRODUCTS CO. EMPLOYEES' 401(K) PLAN · PRINCETON, MN · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

United States Distilled Products Company reported $60,460 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $2,459 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 3 years on file its reported administrative ratio has held roughly steady near 0.187%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 652nd-largest of 1,918 plans among Minnesota employers on file, and the 1,272nd of 4,246 in wholesale trade. In 2024, employees put in $3.57 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$32,555,332
Participants with balances279
Active participants238
Employer contributions$585,350
Employee contributions$2,088,362
Employer contribution per active participant$2,459
Average account balance$116,686
Benefits paid to participants$6,072,004
Plan auditUnmodified (clean) audit opinion
AuditorSCHECHTER, DOKKEN, KANTER
Plan history3
Yearassets · accounts · employer contribution
2024$32.6M · 279 accts · $585K emplr
2023$32.0M · 293 accts · $532K emplr
2022$26.2M · 292 accts · $559K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$60,460
Total administrative$60,460
The United States Distilled Products Company 401(k) match · 2024
Employer contribution per active participant$2,459
Median for plans this size$2,416
2024$2,459 per active participant
2023$2,144 per active participant
2022$2,236 per active participant

United States Distilled Products Company'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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$61,434

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$60,460 · 0.19%
2023$52,396 · 0.18%
2022$54,184 · 0.19%
Same employer
Similar plansWholesale Trade · Minnesota
Decopac, Inc. MN$36.7M · 0.28%
John Henry Foster Mn, Inc. MN$34.7M · 0.33%
Lindstrom, LLC MN$34.0M · 0.29%
Uhl Company, Inc. MN$32.6M · 0.21%
Power/Mation Division, Inc. MN$32.5M · 0.01%
Katun Corporation MN$32.2M · 0.16%
Upper Lakes Foods, Inc. MN$29.9M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411408632 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.