Plan Ledger DOL Form 5500 · updated monthly

Paladin Technologies401(k)

VIDEOTRONIX INCORPORATED PROFIT SHARING PLAN AND TRUST · BURNSVILLE, MN · plan year 2023

Reported admin expense ratio · 2023
0.27%

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

Paladin Technologies reported $76,122 in plan administrative expenses for 2023: 0.27% of average plan assets, below the peer median. Employer contributions averaged $1,748 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 1 year on file its reported administrative ratio rose from 0.24% to 0.27%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other construction employers. By assets it is the 615th-largest of 1,918 plans among Minnesota employers on file, and the 1,369th of 5,337 in construction. In 2023, employees put in $3.11 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$35,344,919
Participants with balances606
Active participants482
Employer contributions$842,690
Employee contributions$2,624,019
Employer contribution per active participant$1,748
Average account balance$58,325
Benefits paid to participants$2,082,546
Plan auditUnmodified (clean) audit opinion
AuditorBOYUM AND BARENSCHEER PLLP
Plan history2
Yearassets · accounts · employer contribution
2023$35.3M · 606 accts · $843K emplr
2022$20.9M · 306 accts · $200K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$48,247
Investment management$27,875
Total administrative$76,122
The Paladin Technologies 401(k) match · 2023
Employer contribution per active participant$1,748
Median for plans this size$2,440
2023$1,748 per active participant
2022$520 per active participant

Paladin Technologies's 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
ONEAMERICA RETIREMENT SERVICES · Recordkeeping · Loan processing$48,072
SAGEVIEW ADVISORY GROUP · Investment advisory (plan)$27,875
RESOURCE INVESTMENT ADVISORS · Investment advisory (plan)indirect comp
MATRIX TRUST COMPANY · Custodial · Custodial (securities)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 history2
2023$76,122 · 0.27%
2022$53,260 · 0.24%
Similar plansConstruction · Minnesota
Weis Builders, Inc. MN$40.2M · 0.17%
Knutson Holdings, Inc. MN$39.5M · 0.36%
Tl Nexlevel, LLC MN$35.1M · 0.32%
Johnson Screens, Inc. MN$34.5M · 0.40%
Sign-Zone, LLC MN$29.6M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411381482 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.