Plan Ledger DOL Form 5500 · updated monthly

Accanto Health, LLC401(k)

ACCANTO HEALTH, LLC 401(K) PLAN · SAINT PAUL, MN · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Accanto Health, LLC reported $173,518 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $1,420 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 3 years on file its reported administrative ratio has held roughly steady near 0.45%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 557th-largest of 1,918 plans among Minnesota employers on file, and the 2,129th of 11,911 in health care & social assistance. In 2024, employees put in $2.43 for every $1.00 the employer contributed; active participation has grown from 789 to 1,333 since 2022.

Plan summary
Net assets, end of year$42,459,493
Participants with balances1,218
Active participants1,333
Employer contributions$1,893,506
Employee contributions$4,592,204
Employer contribution per active participant$1,420
Average account balance$34,860
Benefits paid to participants$5,070,835
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$42.5M · 1,218 accts · $1.9M emplr
2023$35.3M · 1,263 accts · $1.0M emplr
2022$18.7M · 567 accts · $608K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$173,518
Total administrative$173,518
The Accanto Health, LLC 401(k) match · 2024
Employer contribution per active participant$1,420
Median for plans this size$2,416
2024$1,420 per active participant
2023$563 per active participant
2022$770 per active participant

Accanto Health, LLC's 2024 employer contribution ran below the $2,416 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$173,517
UBS FINANCIAL SERVICES INC · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · 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.

Administrative cost history3
2024$173,518 · 0.45%
2023$143,710 · 0.53%
2022$90,448 · 0.46%
Similar plansHealth Care & Social Assistance · Minnesota
Lifecare Medical Center MN$45.2M · 0.26%
Genevive MN$41.3M · 0.23%
Westfields Hospital MN$40.8M · 0.07%
Prairiecare, LLC MN$40.7M · 0.53%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 454471717 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.