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Original filing (PDF)20251013132228NAL0000647747001
API GROUP, INC.
Form 5500
FILING_RECEIVED
API GROUP, INC. SAFE HARBOR 401(K) & PROFIT SHARING PLAN
401(k) retirement plan
Signals · 2
12% employer stockNo recordkeeper disclosed
Active participants
3,844
Accounts w/ balance
2,067
Plan assets (EOY)
$150.2M
Net assets (EOY)
$150.2M
How this plan invests
This plan
21 pooled trusts
Schedule D
29 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
84
/ 100
Grade B
Above-average plan
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
88
Total plan cost
65
Vendor stack
80
Participation health
80
Knocking points off
- 12% of plan in employer / sponsor stock.
- 16 bps in Schedule C fees — 58% above peer band of 10 bps.
- No recordkeeper disclosed on Schedule C.
- 54% balance-to-active ratio — below typical for a healthy 401(k).
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for API GROUP, INC..
Plan sponsor
Name
API GROUP, INC.
EIN
41-1858188
Address
1100 OLD HIGHWAY 8 NW · NEW BRIGHTON, MN · 55112
Phone
(651) 636-4320
Industry
Wholesale Tradesee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
003
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-13
Pension benefit codes
2A · Age/service weighted or new comparability
2E · Profit-sharing
2F · ERISA section 404(c)
2H · Partial participant-directed accounts
2J · 401(k) feature
2K · 401(m) arrangement
2S · Automatic enrollment
2T · Default investment account (QDIA)
3D · Pre-approved plan (master / prototype / VS)
3I · Requires investment in employer securities
Audit & trust (Schedule H)
Auditor
REDPATH AND COMPANY, LLC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
3 rowsOther
3| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICES,INC | 34-1479833 | — | NONE | $142K | — |
| REDPATH AND COMPANY LLC | 92-0370318 | — | NONE | $66K | — |
| MERCER INVESTMENT MANAGEMENT | 30-0282430 | — | NONE | $29K | — |
Investments
10 direct securities · 21 pooled funds· $150.3M(100% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.
Common Collective Trust
$116.7M
21 holdings
Uncategorized
$33.6M
10 holdings
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| APi Group Corporation Common stock | — | — | — | $17.2M | 11.5% | |
| VFTC TARGET RET 2040 TR II VANGUARD FIDUCIARY TRUST COMPANY · EIN 90-6083974 / PN 001 | Common Collective Trust | — | — | $15.1M | 10.1% | |
| VFTC TARGET RET 2045 TR II VANGUARD FIDUCIARY TRUST COMPANY · EIN 90-6083972 / PN 001 | Common Collective Trust | — | — | $13.2M | 8.8% | |
| VFTC TARGET RET 2050 TR II VANGUARD FIDUCIARY TRUST COMPANY · EIN 90-6083970 / PN 001 | Common Collective Trust | — | — | $13.0M | 8.7% | |
| VFTC TARGET RET 2030 TR II VANGUARD FIDUCIARY TRUST COMPANY · EIN 90-6083978 / PN 001 | Common Collective Trust | — | — | $12.8M | 8.5% | |
| VFTC TARGET RET 2025 TR II VANGUARD FIDUCIARY TRUST COMPANY · EIN 90-6083980 / PN 001 | Common Collective Trust | — | — | $11.0M | 7.3% | |
| VFTC TARGET RET 2035 TR II VANGUARD FIDUCIARY TRUST COMPANY · EIN 90-6083976 / PN 001 | Common Collective Trust | — | — | $10.1M | 6.7% | |
| VFTC TARGET RET 2055 TR II VANGUARD FIDUCIARY TRUST COMPANY · EIN 27-6715091 / PN 001 | Common Collective Trust | — | — | $7.6M | 5.1% | |
| Vanguard Growth Index Fund Mutual fund | — | — | — | $7.5M | 5.0% | |
| LEGAL & GENERAL S&P 500 DC A RELIANCE TRUST COMPANY OF DELAWARE · EIN 35-7085469 / PN 005 | Common Collective Trust | — | — | $7.4M | 4.9% | |
| VFTC TARGET RET 2020 TR II VANGUARD FIDUCIARY TRUST COMPANY · EIN 90-6083982 / PN 001 | Common Collective Trust | — | — | $5.3M | 3.5% | |
| INVESCO STABLE VALUE TR CLS B1 INVESCO NATIONAL TRUST CO · EIN 84-1142974 / PN 001 | Common Collective Trust | — | — | $3.6M | 2.4% | |
| VFTC TARGET RET 2060 TR II VANGUARD FIDUCIARY TRUST COMPANY · EIN 45-3799419 / PN 001 | Common Collective Trust | — | — | $3.6M | 2.4% | |
| Boston Partners Large Cap Value Equity Fund Common/collective trust | — | — | — | $3.3M | 2.2% | |
| BP LRG CAP VAL EQ FD BOSTON PARTNERS TRUST COMPANY · EIN 61-1603964 / PN 001 | Common Collective Trust | — | — | $3.3M | 2.2% | |
| CONESTOGA SMID CAP GRTH CIF A COMERICA BANK & TRUST, NATIONAL ASSOCIATION · EIN 83-6448706 / PN 001 | Common Collective Trust | — | — | $2.7M | 1.8% | |
| VICTORY INTE SMMID CAP VL C GLOBAL TRUST COMPANY · EIN 80-6249702 / PN 007 | Common Collective Trust | — | — | $1.9M | 1.3% | |
| Vanguard Target Retirement Income Fund Common/collective trust | — | — | — | $1.9M | 1.2% | |
| VFTC TARGET RET INC TR II VANGUARD FIDUCIARY TRUST COMPANY · EIN 90-6083967 / PN 001 | Common Collective Trust | — | — | $1.9M | 1.2% | |
| LEGAL & GENERAL RUSSELL 2000 A RELIANCE TRUST COMPANY OF DELAWARE · EIN 35-7085469 / PN 007 | Common Collective Trust | — | — | $1.8M | 1.2% | |
| Vanguard Federal Money Market Fund Money market fund | — | — | — | $1.2M | 0.8% | |
| BLACKROCK TOTAL RETURN BOND FUND T BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A. · EIN 47-1246942 / PN 001 | Common Collective Trust | — | — | $1.1M | 0.7% | |
| American Europacific Growth R5E Mutual fund | — | — | — | $951K | 0.6% | |
| Vanguard Total Bond Market Index Adm Mutual fund | — | — | — | $917K | 0.6% | |
| VFTC TARGET RET 2065 TR II VANGUARD FIDUCIARY TRUST COMPANY · EIN 82-6194314 / PN 001 | Common Collective Trust | — | — | $555K | 0.4% | |
| Dodge & Cox International Stock Mutual fund | — | — | — | $379K | 0.3% | |
| RBC Emerging Markets Equity Fund Mutual fund | — | — | — | $328K | 0.2% | |
| LEGAL & GENERAL MSCI EAFE DC A RELIANCE TRUST COMPANY OF DELAWARE · EIN 35-7085469 / PN 001 | Common Collective Trust | — | — | $319K | 0.2% | |
| PGI CIT US REAL ESTATE SEC I PRINCIPAL GLOBAL INVESTORS TRUST COMPANY · EIN 82-2725212 / PN 001 | Common Collective Trust | — | — | $244K | 0.2% | |
| VANGUARD TARGET RET 2070 II VANGUARD FIDUCIARY TRUST COMPANY · EIN 87-7039453 / PN 001 | Common Collective Trust | — | — | $81K | <0.1% | |
| Participant Loans at 4.25-9.00% | — | — | — | $76K | <0.1% |
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