Plan Ledger DOL Form 5500 · updated monthly

Workplace Elements401(k)

WORKPLACE ELEMENTS 401(K) SAVINGS PLAN · DENVER, CO · plan year 2024

Reported admin expense ratio · 2024
0.69%

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

Workplace Elements reported $144,658 in plan administrative expenses for 2024: 0.69% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,012 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 3 years on file its reported administrative ratio has held roughly steady near 0.69%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 480th-largest of 1,461 plans among Colorado employers on file, and the 1,742nd of 4,246 in wholesale trade. In 2024, employees put in $3.83 for every $1.00 the employer contributed; active participation has grown from 119 to 227 since 2022.

Plan summary
Net assets, end of year$22,232,702
Participants with balances296
Active participants227
Employer contributions$456,774
Employee contributions$1,747,297
Employer contribution per active participant$2,012
Average account balance$75,110
Benefits paid to participants$3,012,634
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$0 · $326K emplr
2024$22.2M · 296 accts · $457K emplr
2023$19.9M · 334 accts · $639K emplr
2022$7.1M · 170 accts · $244K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$79,420
Investment management$65,238
Total administrative$144,658
The Workplace Elements 401(k) match · 2024
Employer contribution per active participant$2,012
Median for plans this size$2,416
2024$2,012 per active participant
2023$1,912 per active participant
2022$2,053 per active participant

Workplace Elements'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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$77,820
NFP RETIREMENT INC. · Investment advisory (plan)$51,488
PENSION ASSURANCE LLP · Accounting / audit$15,000
CREATIVE RETIREMENT PLAN CONSULTING · Other services$350

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

Administrative cost history4
2025Not separately reported
2024$144,658 · 0.69%
2023$106,007 · 0.78%
2022$54,162 · 0.71%
Same employer
Similar plansWholesale Trade · Colorado
Lohmiller and Company CO$25.0M · 0.65%
Solaray LLC CO$24.9M · 0.44%
Mikron Corp Monroe CO$24.8M · 0.04%
Honnen Equipment Company CO$24.0M · 0.21%
Dana Kepner Company, LLC CO$21.8M · 0.15%
Novus AG, LLC CO$20.8M · 0.38%
Paragon 28, Inc. CO$20.3M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 263359223 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.