Employers › Piper Sandler Companies
Recordkeeping fees per participant · Piper Sandler Companies Retirement Plan · plan year 2024
$55.68
Higher than 59% of the 1,697 plans $250M to 1B that report it.
= $151,394 / 2,719
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251103132255NAL0016348962001, received 2025-11-03
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251103132255NAL0016348962001, received 2025-11-03
Percentiles compare this plan with the Schedule H plans $250M to 1B 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 2025-11-03.
Administrative expenses excluding investment management, per participant
$55.68
Higher than 38% of the 2,324 plans $250M to 1B that report it.
= $151,394 / 2,719
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251103132255NAL0016348962001, received 2025-11-03
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251103132255NAL0016348962001, received 2025-11-03
Administrative expenses per participant
$55.68
Higher than 25% of the 2,405 plans $250M to 1B that report it.
= $151,394 / 2,719
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251103132255NAL0016348962001, received 2025-11-03
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251103132255NAL0016348962001, received 2025-11-03
Administrative expenses as a share of assets
0.022%
Higher than 12% of the 2,407 plans $250M to 1B that report it.
= $151,394 / $692,134,499
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251103132255NAL0016348962001, received 2025-11-03
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251103132255NAL0016348962001, received 2025-11-03
Employer contributions per participant
$4,918
Higher than 72% of the 2,457 plans $250M to 1B that report it.
= $13,372,293 / 2,719
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251103132255NAL0016348962001, received 2025-11-03
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251103132255NAL0016348962001, received 2025-11-03
Employer share of total contributions
23.7%
Higher than 26% of the 2,459 plans $250M to 1B that report it.
= $13,372,293 / $56,436,342
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251103132255NAL0016348962001, received 2025-11-03
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251103132255NAL0016348962001, received 2025-11-03
Employer match
“Employee contributions are 100 percent matched by the Company to a maximum of six percent of recognized compensation up to the social security taxable wage base.”
Form 10-K filed 2026-02-26, for the year ended 2025-12-31 · benefits note, 10-K benefits note · source document
Vesting
“Although the Company's matching and profit sharing contributions vest immediately, a participant must be employed on December 31 to receive that year's employer contributions.”
Form 10-K filed 2026-02-26, for the year ended 2025-12-31 · benefits note, 10-K benefits note · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 2S pre-approved plan document · 2T default investment (QDIA) · 3F · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251103132255NAL0016348962001, received 2025-11-03
| Field | Value | Source |
|---|---|---|
| Plan sponsor | PIPER SANDLER COMPANIES | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251103132255NAL0016348962001, received 2025-11-03 |
| Plan name | PIPER SANDLER COMPANIES RETIREMENT PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251103132255NAL0016348962001, received 2025-11-03 |
| Sponsor EIN / plan number | 30-0168701 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251103132255NAL0016348962001, received 2025-11-03 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251103132255NAL0016348962001, received 2025-11-03 |
| Sponsor location | MINNEAPOLIS, MN | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251103132255NAL0016348962001, received 2025-11-03 |
| Industry (business code) | 523110, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251103132255NAL0016348962001, received 2025-11-03 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251103132255NAL0016348962001, received 2025-11-03 |
| Filing received | 2025-11-03 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251103132255NAL0016348962001, received 2025-11-03 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251103132255NAL0016348962001, received 2025-11-03 |
| Amended filing | yes | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251103132255NAL0016348962001, received 2025-11-03 |
| Participants, beginning of year | 2,632 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251103132255NAL0016348962001, received 2025-11-03 |
| Active participants | 1,719 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251103132255NAL0016348962001, received 2025-11-03 |
| Participants, end of year | 2,742 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251103132255NAL0016348962001, received 2025-11-03 |
| Participants with an account balance | 2,719 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251103132255NAL0016348962001, received 2025-11-03 |
| Total assets, beginning of year | $583,996,591 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251103132255NAL0016348962001, received 2025-11-03 |
| Total assets, end of year | $692,134,499 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251103132255NAL0016348962001, received 2025-11-03 |
| Net assets, end of year | $691,971,000 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251103132255NAL0016348962001, received 2025-11-03 |
| Total income | $152,448,215 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251103132255NAL0016348962001, received 2025-11-03 |
| Net income | $108,148,115 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251103132255NAL0016348962001, received 2025-11-03 |
| Employer contributions | $13,372,293 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251103132255NAL0016348962001, received 2025-11-03 |
| Participant contributions | $36,263,226 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251103132255NAL0016348962001, received 2025-11-03 |
| Other contributions (incl. rollovers) | $6,800,823 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251103132255NAL0016348962001, received 2025-11-03 |
| Total contributions | $56,436,342 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251103132255NAL0016348962001, received 2025-11-03 |
| Benefit payments | $44,148,706 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251103132255NAL0016348962001, received 2025-11-03 |
| Total expenses (incl. benefit payments) | $44,300,100 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251103132255NAL0016348962001, received 2025-11-03 |
| Total administrative expenses | $151,394 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251103132255NAL0016348962001, received 2025-11-03 |
| Recordkeeping fees | $151,394 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251103132255NAL0016348962001, received 2025-11-03 |
| Administrative expenses excluding investment management | $151,394 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251103132255NAL0016348962001, received 2025-11-03 |
| Held in common/collective trusts | $28,632,595 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251103132255NAL0016348962001, received 2025-11-03 |
| Held in mutual funds | $597,856,462 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251103132255NAL0016348962001, received 2025-11-03 |
| Independent auditor | ERNST & YOUNG, LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251103132255NAL0016348962001, received 2025-11-03 |
Position = column in the DOL layout for form year 2024. Filing 20251103132255NAL0016348962001, received 2025-11-03.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICES INCrecordkeeper | NONE | 15 Recordkeeping and information management; 26 Investment advisory (participants); 50 Direct payment from the plan; 64 Recordkeeping fees | $175,983 | no |
| CARLSON CAPITAL MANAGEMENT LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $11,166 | no |
| TEALWOOD ASSET MANAGEMENT INC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $6,223 | no |
| CHARLES SCHWAB & CO., INC. | NONE | 33 Securities brokerage; 50 Direct payment from the plan; 62 Float revenue; 71 Securities brokerage commissions and fees; 59 Shareholder servicing fees | $4,175 | 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 20251103132255NAL0016348962001, received 2025-11-03.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $583,996,591 | $692,134,499 | 18.5% |
| Participants with a balance | 2,615 | 2,719 | 4.0% |
| Administrative expenses | $154,107 | $151,394 | -1.8% |
| Recordkeeping fees per participant | $58.93 | $55.68 | -5.5% |
| Employer contributions | $12,983,391 | $13,372,293 | 3.0% |
Prior filing 20240722140424NAL0010563905002, received 2024-07-22; the plan years are contiguous.
Sponsor name as filed: PIPER SANDLER COMPANIES; SEC registrant: PIPER SANDLER COMPANIES (CIK 1230245, matched by EIN; display name from the Form 10-K cover).