Plan Ledger DOL Form 5500 · updated monthly

Vireo Health, Inc.401(k)

VIREO HEALTH, INC. 401(K) PLAN · MINNEAPOLIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Vireo Health, Inc. reported $3,380 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,297 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 1.31% to 0.12%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Minnesota (1,728th of 1,918), and 4,364th of 5,215 in retail trade. In 2024, employees put in $3.00 for every $1.00 the employer contributed; active participation has shrunk from 182 to 153 since 2022.

Plan summary
Net assets, end of year$2,946,009
Participants with balances134
Active participants153
Employer contributions$198,426
Employee contributions$594,697
Employer contribution per active participant$1,297
Average account balance$21,985
Benefits paid to participants$596,340
Plan auditUnmodified (clean) audit opinion
AuditorBGM CPA LLC
Plan history3
Yearassets · accounts · employer contribution
2024$2.9M · 134 accts · $198K emplr
2023$2.5M · 133 accts · $204K emplr
2022$1.4M · 135 accts · $225K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,380
Total administrative$3,380
The Vireo Health, Inc. 401(k) match · 2024
Employer contribution per active participant$1,297
Median for plans this size$1,313
2024$1,297 per active participant
2023$1,456 per active participant
2022$1,239 per active participant

Vireo Health, Inc.'s 2024 employer contribution ran below the $1,313 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
PCS RETIREMENT, LLC · Claims processing · Contract administrator$3,380

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

Recordkeeper by year2
2024PCS Retirement
2023John Hancock

This plan has changed recordkeepers within these filings. If you left Vireo Health, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$3,380 · 0.12%
2023$21,439 · 1.11%
2022$12,016 · 1.31%
Similar plansRetail Trade · Minnesota
Alchemist General Inc MN$3.1M · 0.18%
Northern Brewer, LLC MN$2.6M · 0.86%

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Source: U.S. Department of Labor, Form 5500 series, EIN 823835655 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.