Plan Ledger DOL Form 5500 · updated monthly

Water Resources Group, Inc.401(k)

WRG 401(K) PLAN & TRUST · DEERWOOD, MN · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Water Resources Group, Inc. reported $44,388 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $1,882 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 0.34% to 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Minnesota (1,051st of 1,918), and the 2,411th of 5,337 in construction. In 2024, employees put in $2.89 for every $1.00 the employer contributed; active participation has grown from 122 to 192 since 2022.

Plan summary
Net assets, end of year$15,467,310
Participants with balances185
Active participants192
Employer contributions$361,309
Employee contributions$1,045,412
Employer contribution per active participant$1,882
Average account balance$83,607
Benefits paid to participants$448,319
Plan auditUnmodified (clean) audit opinion
AuditorLB CARLSON, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$15.5M · 185 accts · $361K emplr
2023$12.4M · 148 accts · $281K emplr
2022$10.1M · 121 accts · $269K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,516
Investment management$38,872
Total administrative$44,388
The Water Resources Group, Inc. 401(k) match · 2024
Employer contribution per active participant$1,882
Median for plans this size$2,416
2024$1,882 per active participant
2023$1,618 per active participant
2022$2,206 per active participant

Water Resources Group, Inc.'s 2024 employer contribution ran below 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 · 20242
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$38,770
CARLSON CAPITAL MANAGEMENT, INC.$5,618

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$44,388 · 0.32%
2023$36,888 · 0.33%
2022$34,796 · 0.34%
Same employer
Similar plansConstruction · Minnesota
Anderson Group Inc. MN$15.8M · 0.36%
Diamond Surface, Inc. MN$15.4M · 0.02%
Vigen Construction, Inc. MN$14.4M · 0.26%
Idc Group, Inc. MN$14.1M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 824501910 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.