Plan Ledger DOL Form 5500 · updated monthly

Wold Architects & Engineers401(k)

WOLD ARCHITECTS & ENGINEERS 401(K) PROFIT SHARING PLAN · SAINT PAUL, 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

Wold Architects & Engineers reported $3,113 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,827 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 0.02% to 0.01%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 427th-largest of 1,918 plans among Minnesota employers on file, and the 2,413th of 11,654 in professional & technical services. In 2024, employees put in $1.41 for every $1.00 the employer contributed; active participation has grown from 296 to 350 since 2022.

Plan summary
Net assets, end of year$58,806,387
Participants with balances445
Active participants350
Employer contributions$2,039,304
Employee contributions$2,881,690
Employer contribution per active participant$5,827
Average account balance$132,149
Benefits paid to participants$2,812,868
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$58.8M · 445 accts · $2.0M emplr
2023$49.4M · 406 accts · $1.7M emplr
2022$39.0M · 373 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,113
Total administrative$3,113
The Wold Architects & Engineers 401(k) match · 2024
Employer contribution per active participant$5,827
Median for plans this size$3,635
2024$5,827 per active participant
2023$5,330 per active participant
2022$5,343 per active participant

Wold Architects & Engineers's 2024 employer contribution ran above the $3,635 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$3,113

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$3,113 · 0.01%
2023$4,040 · 0.01%
2022$9,274 · 0.02%
Same employer
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Lhb, Inc. MN$65.7M · 0.15%
Fiduciary Counselling, Inc. MN$63.1M · 0.00%
Vaa, LLC MN$62.2M · 0.13%
Granicus, LLC MN$57.1M · 0.39%
Sagitec Solutions, LLC MN$56.6M · 0.39%
Bwbr Architects, Inc. MN$55.8M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410940870 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.