401k Record

Employers › Winmark

Winmark 401(k)

Administrative expenses excluding investment management, per participant · Winmark Corporation 401(k) Savings Plan · plan year 2024

$107.43

Higher than 45% of the 24,371 plans $10 to 50M that report it.

Source

= $13,751 / 128
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250731171453NAL0013924802001, received 2025-07-31
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250731171453NAL0013924802001, received 2025-07-31

10th: $15.36median $118.8890th: $340.63

Percentiles compare this plan with the Schedule H plans $10 to 50M 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 2025-07-31.

Cost and contributions

Recordkeeping fees per participant

not reported

Not reported on this filing.

Administrative expenses per participant

$107.43

10th: $26.86median $197.2590th: $456.10

Higher than 29% of the 25,098 plans $10 to 50M that report it.

Source

= $13,751 / 128
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250731171453NAL0013924802001, received 2025-07-31
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250731171453NAL0013924802001, received 2025-07-31

Administrative expenses as a share of assets

0.060%

10th: 0.035%median 0.289%90th: 0.599%

Higher than 15% of the 25,132 plans $10 to 50M that report it.

Source

= $13,751 / $22,802,176
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250731171453NAL0013924802001, received 2025-07-31
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250731171453NAL0013924802001, received 2025-07-31

Employer contributions per participant

$2,977

10th: $664median $2,07490th: $4,751

Higher than 72% of the 24,050 plans $10 to 50M that report it.

Source

= $381,064 / 128
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250731171453NAL0013924802001, received 2025-07-31
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250731171453NAL0013924802001, received 2025-07-31

Employer share of total contributions

33.9%

10th: 13.1%median 27.9%90th: 45.2%

Higher than 71% of the 24,084 plans $10 to 50M that report it.

Source

= $381,064 / $1,125,024
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250731171453NAL0013924802001, received 2025-07-31
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250731171453NAL0013924802001, received 2025-07-31

Plan terms, as stated in Winmark Corporation's SEC filings

Vesting

“Employee contributions are fully vested; matching and profit sharing contributions are subject to a five-year service vesting schedule.”

Form 10-K filed 2026-02-25, for the year ended 2025-12-27 · benefits note, 10-K benefits note · source document

Terms quoted from the filing for the year ended 2025-12-27. Figures cover plan year 2024. The plan document governs.

Plan features

2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 3D IRS pre-approved plan · 2E profit-sharing · 3H controlled-group sponsor · 2T default investment (QDIA) · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250731171453NAL0013924802001, received 2025-07-31

Full record, Winmark Corporation 401(k) Savings Plan

FieldValueSource
Plan sponsorWINMARK CORPORATIONForm 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250731171453NAL0013924802001, received 2025-07-31
Plan nameWINMARK CORPORATION 401(K) SAVINGS PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20250731171453NAL0013924802001, received 2025-07-31
Sponsor EIN / plan number41-1622691 / 001Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250731171453NAL0013924802001, received 2025-07-31
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250731171453NAL0013924802001, received 2025-07-31
Sponsor locationMINNEAPOLIS, MNForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250731171453NAL0013924802001, received 2025-07-31
Industry (business code)551112, Management of companies and enterprisesForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20250731171453NAL0013924802001, received 2025-07-31
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250731171453NAL0013924802001, received 2025-07-31
Filing received2025-07-31Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250731171453NAL0013924802001, received 2025-07-31
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250731171453NAL0013924802001, received 2025-07-31
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20250731171453NAL0013924802001, received 2025-07-31
Participants, beginning of year134Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250731171453NAL0013924802001, received 2025-07-31
Active participants91Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250731171453NAL0013924802001, received 2025-07-31
Participants, end of year143Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250731171453NAL0013924802001, received 2025-07-31
Participants with an account balance128Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250731171453NAL0013924802001, received 2025-07-31
Total assets, beginning of year$20,878,472Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250731171453NAL0013924802001, received 2025-07-31
Total assets, end of year$22,802,176Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250731171453NAL0013924802001, received 2025-07-31
Net assets, end of year$22,802,176Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250731171453NAL0013924802001, received 2025-07-31
Total income$3,817,072Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250731171453NAL0013924802001, received 2025-07-31
Net income$1,923,704Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250731171453NAL0013924802001, received 2025-07-31
Employer contributions$381,064Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250731171453NAL0013924802001, received 2025-07-31
Participant contributions$740,480Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250731171453NAL0013924802001, received 2025-07-31
Other contributions (incl. rollovers)$3,480Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250731171453NAL0013924802001, received 2025-07-31
Total contributions$1,125,024Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250731171453NAL0013924802001, received 2025-07-31
Benefit payments$1,879,617Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250731171453NAL0013924802001, received 2025-07-31
Total expenses (incl. benefit payments)$1,893,368Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250731171453NAL0013924802001, received 2025-07-31
Total administrative expenses$13,751Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250731171453NAL0013924802001, received 2025-07-31
Administrative expenses excluding investment management$13,751derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250731171453NAL0013924802001, received 2025-07-31
Held in common/collective trusts$16,204,778Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250731171453NAL0013924802001, received 2025-07-31
Held in mutual funds$6,251,097Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250731171453NAL0013924802001, received 2025-07-31
Independent auditorGRANT THORNTON LLPSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250731171453NAL0013924802001, received 2025-07-31

Position = column in the DOL layout for form year 2024. Filing 20250731171453NAL0013924802001, received 2025-07-31.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
T ROWE PRICE RPS, INCrecordkeeperRECORD KEEPER 15 Recordkeeping and information management; 28 Investment management; 49 Other services; 57 Redemption fees; 63 Distribution (12b-1) fees; 21 Trustee (bank, trust company or similar); 37 Participant loan processing; 50 Direct payment from the plan; 59 Shareholder servicing fees; 64 Recordkeeping fees; 25 Trustee (directed); 38 Participant communication; 52 Investment management fees paid indirectly by plan; 62 Float revenue; 65 Account maintenance fees $13,751yes
PIMCO FUNDSNONE 28 Investment management; 59 Shareholder servicing fees $0yes
COLUMBIA FUNDSNONE 28 Investment management; 59 Shareholder servicing fees $0yes
BLACKROCK FUNDSNONE 28 Investment management; 59 Shareholder servicing fees $0yes
DREYFUSNONE 28 Investment management; 59 Shareholder servicing fees $0yes

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 20250731171453NAL0013924802001, received 2025-07-31.

What changed since the 2023 plan year

Figure20232024Change
Total assets$20,878,472$22,802,1769.2%
Participants with a balance1271280.8%
Administrative expenses$970$13,7511317.6%
Recordkeeping fees per participantnot reportednot reported
Employer contributions$369,042$381,0643.3%

Prior filing 20240802102919NAL0024029841001, received 2024-08-02; the plan years are contiguous.

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Sponsor name as filed: WINMARK CORPORATION; SEC registrant: WINMARK CORP (CIK 908315, matched by EIN; display name from the Form 10-K cover).