Plan Ledger DOL Form 5500 · updated monthly

Winmark Corporation401(k)

WINMARK CORPORATION 401(K) SAVINGS PLAN · MINNEAPOLIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Winmark Corporation reported $13,751 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,188 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 rose from 0.00% to 0.06%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other management of companies employers. By assets it is the 831st-largest of 1,918 plans among Minnesota employers on file, and 416th of 786 in management of companies. In 2024, employees put in $1.94 for every $1.00 the employer contributed; active participation has grown from 77 to 91 since 2022.

Plan summary
Net assets, end of year$22,802,176
Participants with balances128
Active participants91
Employer contributions$381,064
Employee contributions$740,480
Employer contribution per active participant$4,188
Average account balance$178,142
Benefits paid to participants$1,879,617
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.8M · 128 accts · $381K emplr
2023$20.9M · 127 accts · $369K emplr
2022$18.6M · 130 accts · $368K emplr
The Winmark Corporation 401(k) match · 2024
Employer contribution per active participant$4,188
Median for plans this size$2,416
2024$4,188 per active participant
2023$4,731 per active participant
2022$4,779 per active participant

Winmark Corporation's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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 · 20245
T ROWE PRICE RPS, INC · Recordkeeping · Investment management$13,751
PIMCO FUNDS · Investment managementindirect comp
COLUMBIA FUNDS · Investment managementindirect comp
BLACKROCK FUNDS · Investment managementindirect comp
DREYFUS · Investment managementindirect comp

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

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

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Administrative cost history3
2024$13,751 · 0.06%
2023$970 · 0.00%
2022$700 · 0.00%
Similar plansManagement of Companies · Minnesota
Finlayson Bancshares, Inc. MN$30.0M · 0.15%
Security Bancshares Company MN$24.5M · 0.00%
Curtis Squire, Inc. MN$14.8M · 0.66%
Bsa Worldwide Holdings, LLC MN$14.6M · 0.56%
Riverwood Bank MN$14.5M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411622691 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.