Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › ECMC Group
ECMC Group 401(k)
- Educational services
- Minneappolis, MN
- EIN 41-1991995
- 1 plan with Schedule H financials
- Plan year 2024
- ECMC Group, Inc.
Administrative expenses excluding investment management, per participant · ECMC Group 401(k) Plan · plan year 2024
$102.81
Higher than 56% of the 8,758 plans $50 to 250M that report it.
Source
= $109,082 / 1,061
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250717144602NAL0000696640001, received 2025-07-17
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250717144602NAL0000696640001, received 2025-07-17
Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-17.
Cost and contributions
Administrative expenses per participant
$102.81
Higher than 37% of the 9,042 plans $50 to 250M that report it.
Source
= $109,082 / 1,061
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250717144602NAL0000696640001, received 2025-07-17
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250717144602NAL0000696640001, received 2025-07-17
Administrative expenses as a share of assets
0.057%
Higher than 22% of the 9,049 plans $50 to 250M that report it.
Source
= $109,082 / $190,162,718
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250717144602NAL0000696640001, received 2025-07-17
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250717144602NAL0000696640001, received 2025-07-17
Employer contributions per participant
$4,763
Higher than 75% of the 9,105 plans $50 to 250M that report it.
Source
= $5,054,057 / 1,061
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250717144602NAL0000696640001, received 2025-07-17
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250717144602NAL0000696640001, received 2025-07-17
Employer share of total contributions
48.6%
Higher than 88% of the 9,112 plans $50 to 250M that report it.
Source
= $5,054,057 / $10,404,371
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250717144602NAL0000696640001, received 2025-07-17
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250717144602NAL0000696640001, received 2025-07-17
Plan terms, as stated in ECMC Group, Inc.'s SEC filings
Plan terms are not published in public filings.
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250717144602NAL0000696640001, received 2025-07-17
Full record, ECMC Group 401(k) Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | ECMC GROUP, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250717144602NAL0000696640001, received 2025-07-17 |
| Plan name | ECMC GROUP 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250717144602NAL0000696640001, received 2025-07-17 |
| Sponsor EIN / plan number | 41-1991995 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250717144602NAL0000696640001, received 2025-07-17 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250717144602NAL0000696640001, received 2025-07-17 |
| Sponsor location | MINNEAPPOLIS, MN | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250717144602NAL0000696640001, received 2025-07-17 |
| Industry (business code) | 611000, Educational services | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250717144602NAL0000696640001, received 2025-07-17 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250717144602NAL0000696640001, received 2025-07-17 |
| Filing received | 2025-07-17 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250717144602NAL0000696640001, received 2025-07-17 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250717144602NAL0000696640001, received 2025-07-17 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250717144602NAL0000696640001, received 2025-07-17 |
| Participants, beginning of year | 1,186 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250717144602NAL0000696640001, received 2025-07-17 |
| Active participants | 419 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250717144602NAL0000696640001, received 2025-07-17 |
| Participants, end of year | 1,084 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250717144602NAL0000696640001, received 2025-07-17 |
| Participants with an account balance | 1,061 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250717144602NAL0000696640001, received 2025-07-17 |
| Total assets, beginning of year | $176,545,221 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250717144602NAL0000696640001, received 2025-07-17 |
| Total assets, end of year | $190,162,718 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250717144602NAL0000696640001, received 2025-07-17 |
| Net assets, end of year | $190,162,718 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250717144602NAL0000696640001, received 2025-07-17 |
| Total income | $32,981,484 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250717144602NAL0000696640001, received 2025-07-17 |
| Net income | $13,617,497 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250717144602NAL0000696640001, received 2025-07-17 |
| Employer contributions | $5,054,057 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250717144602NAL0000696640001, received 2025-07-17 |
| Participant contributions | $4,626,379 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250717144602NAL0000696640001, received 2025-07-17 |
| Other contributions (incl. rollovers) | $723,935 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250717144602NAL0000696640001, received 2025-07-17 |
| Total contributions | $10,404,371 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250717144602NAL0000696640001, received 2025-07-17 |
| Benefit payments | $19,227,457 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250717144602NAL0000696640001, received 2025-07-17 |
| Total expenses (incl. benefit payments) | $19,363,987 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250717144602NAL0000696640001, received 2025-07-17 |
| Total administrative expenses | $109,082 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250717144602NAL0000696640001, received 2025-07-17 |
| Contract administrator fees | $109,082 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250717144602NAL0000696640001, received 2025-07-17 |
| Recordkeeping fees | $0 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250717144602NAL0000696640001, received 2025-07-17 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250717144602NAL0000696640001, received 2025-07-17 |
| Investment advisory and management fees | $0 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250717144602NAL0000696640001, received 2025-07-17 |
| Administrative expenses excluding investment management | $109,082 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250717144602NAL0000696640001, received 2025-07-17 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250717144602NAL0000696640001, received 2025-07-17 |
| Held in common/collective trusts | $72,108,673 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250717144602NAL0000696640001, received 2025-07-17 |
| Held in mutual funds | $112,187,487 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250717144602NAL0000696640001, received 2025-07-17 |
| Independent auditor | OLSEN THIELEN & CO., LTD. | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250717144602NAL0000696640001, received 2025-07-17 |
Position = column in the DOL layout for form year 2024. Filing 20250717144602NAL0000696640001, received 2025-07-17.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| EMPOWER ADVISORY GROUP, LLC | NONE | 28 Investment management; 50 Direct payment from the plan; 26 Investment advisory (participants) | $64,949 | no |
| EMPOWER ANNUITY INSURANCE COMPANY Orecordkeeper | NONE | 64 Recordkeeping fees; 50 Direct payment from the plan; 15 Recordkeeping and information management; 37 Participant loan processing | $44,133 | yes |
| EMPOWER FINANCIAL SERVICES, INC. | NONE | 33 Securities brokerage | $50 | no |
| EMPOWER FINANCIAL SERVICES, INC. | NONE | 72 Other investment fees and expenses | $20 | no |
| EMPOWER FINANCIAL SERVICES, INC. | NONE | 59 Shareholder servicing fees | $0 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250717144602NAL0000696640001, received 2025-07-17.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $176,545,221 | $190,162,718 | 7.7% |
| Participants with a balance | 1,141 | 1,061 | -7.0% |
| Administrative expenses | $157,923 | $109,082 | -30.9% |
| Recordkeeping fees per participant | $58.80 | not reported | |
| Employer contributions | $5,593,078 | $5,054,057 | -9.6% |
Prior filing 20240730143155NAL0011926259001, received 2024-07-30; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: ECMC GROUP, INC.; SEC registrant: ECMC Group, Inc. (CIK 1682002, matched by EIN).