Plan Ledger DOL Form 5500 · updated monthly

Washburn-McReavy Funeral Chapels, Inc.401(k)

WASHBURN-MCREAVY FUNERAL CHAPELS, INC. PROFIT SHARING /401(K) PLAN · NEW BRIGHTON, MN · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Washburn-McReavy Funeral Chapels, Inc. reported $1,400 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,707 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 0.009% to 0.006%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 818th-largest of 1,918 plans among Minnesota employers on file, and the 933rd of 3,341 in other services. In 2024, employees put in $1.13 for every $1.00 the employer contributed; active participation has grown from 114 to 128 since 2022.

Plan summary
Net assets, end of year$23,192,291
Participants with balances133
Active participants128
Employer contributions$474,506
Employee contributions$535,016
Employer contribution per active participant$3,707
Average account balance$174,378
Benefits paid to participants$1,601,133
Plan auditUnmodified (clean) audit opinion
AuditorCUMMINGS, KEEGAN & CO., PLLP
Plan history3
Yearassets · accounts · employer contribution
2024$23.2M · 133 accts · $475K emplr
2023$21.1M · 123 accts · $445K emplr
2022$18.2M · 116 accts · $414K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,400
Total administrative$1,400
The Washburn-McReavy Funeral Chapels, Inc. 401(k) match · 2024
Employer contribution per active participant$3,707
Median for plans this size$2,416
2024$3,707 per active participant
2023$3,535 per active participant
2022$3,629 per active participant

Washburn-McReavy Funeral Chapels, Inc.'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
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$1,400

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

Recordkeeper by year2
2024Alerus
2023Alerus

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

Administrative cost history3
2024$1,400 · 0.01%
2023$1,445 · 0.01%
2022$1,707 · 0.01%
Similar plansOther Services · Minnesota
Lamettrys Collision, Inc. MN$25.4M · 0.36%
Juut Holdings, Inc. MN$25.3M · 0.42%
Vertin Company MN$24.1M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410783275 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.