Plan Ledger DOL Form 5500 · updated monthly

Wright-Hennepin Cooperative Electric Association401(k)

WRIGHT-HENNEPIN COOPERATIVE ELECTRIC ASSOCIATION NON-UNION 401(K) PLAN · ROCKFORD, MN · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Wright-Hennepin Cooperative Electric Association reported $59,065 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $9,352 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 0.23% to 0.27%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other utilities employers. By assets it is the 824th-largest of 1,918 plans among Minnesota employers on file, and 253rd of 412 in utilities. In 2024, the employer put in $1.16 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$23,049,455
Participants with balances148
Active participants108
Employer contributions$1,010,019
Employee contributions$871,519
Employer contribution per active participant$9,352
Average account balance$155,740
Benefits paid to participants$2,231,246
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.0M · 148 accts · $1.0M emplr
2023$19.9M · 149 accts · $993K emplr
2022$19.3M · 147 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,318
Investment management$19,747
Total administrative$59,065
The Wright-Hennepin Cooperative Electric Association 401(k) match · 2024
Employer contribution per active participant$9,352
Median for plans this size$2,416
2024$9,352 per active participant
2023$9,029 per active participant
2022$9,754 per active participant

Wright-Hennepin Cooperative Electric Association'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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$39,317
GALLAGHER FIDUCIARY ADVISORS, LLC · Investment advisory (plan)$19,743
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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

Administrative cost history3
2024$59,065 · 0.27%
2023$45,253 · 0.23%
2022$52,241 · 0.23%
Same employer
Similar plansUtilities · Minnesota
Connexus Energy MN$94.2M · 0.00%
Dakota Electric Association MN$75.4M · 0.08%
Ever Green Energy, Inc. MN$32.7M · 0.19%
Lakes Gas Co. MN$13.5M · 0.11%
Rms Energy Co. LLC MN$8.3M · 1.01%
All Energy Solar, Inc. MN$7.8M · 0.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410621437 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.