Plan Ledger DOL Form 5500 · updated monthly

Xetex, LLC401(k)

XETEX, LLC 401(K) PLAN · COON RAPIDS, MN · plan year 2024

Reported admin expense ratio · 2024
0.72%

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

Xetex, LLC reported $58,114 in plan administrative expenses for 2024: 0.72% of average plan assets, above the peer median. Employer contributions averaged $1,478 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 0.79% to 0.72%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Minnesota (1,379th of 1,918), and 9,418th of 13,661 in manufacturing. In 2024, employees put in $2.62 for every $1.00 the employer contributed; active participation has grown from 120 to 132 since 2022.

Plan summary
Net assets, end of year$8,550,439
Participants with balances188
Active participants132
Employer contributions$195,103
Employee contributions$510,894
Employer contribution per active participant$1,478
Average account balance$45,481
Benefits paid to participants$706,559
Plan auditUnmodified (clean) audit opinion
AuditorELLINGSON & ELLINGSON, LTD
Plan history3
Yearassets · accounts · employer contribution
2024$8.6M · 188 accts · $195K emplr
2023$7.5M · 172 accts · $158K emplr
2022$6.2M · 161 accts · $189K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,525
Investment management$23,937
Total administrative$58,114
The Xetex, LLC 401(k) match · 2024
Employer contribution per active participant$1,478
Median for plans this size$1,313
2024$1,478 per active participant
2023$1,371 per active participant
2022$1,576 per active participant

Xetex, LLC's 2024 employer contribution ran above the $1,313 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
CERITY PARTNERS RETIREMENT · 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.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$58,114 · 0.72%
2023$49,590 · 0.72%
2022$52,933 · 0.79%
Similar plansManufacturing · Minnesota
J & E Manufacturing Co. MN$9.0M · 0.53%
Granite Tops, LLC MN$8.6M · 0.34%
Warrior Mfg., LLC MN$8.6M · 0.38%
Summit Medical, LLC. MN$8.5M · 0.39%
Hiniker Company MN$8.4M · 0.70%
Demmer Investments IV Inc MN$8.4M · 0.25%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 881175361 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.