Plan Ledger DOL Form 5500 · updated monthly

Allina Health System401(k)

ALLINA 401K RETIREMENT SAVINGS PLAN · MINNEAPOLIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Allina Health System reported $2,715,970 in plan administrative expenses for 2024: 0.08% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,217 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 2 years on file its reported administrative ratio fell from 0.09% to 0.08%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 16th-largest of 1,918 plans among Minnesota employers on file, and the 37th of 11,911 in health care & social assistance. In 2024, employees put in $2.25 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,532,098,030
Participants with balances35,256
Active participants28,274
Employer contributions$90,960,700
Employee contributions$205,098,043
Employer contribution per active participant$3,217
Average account balance$100,184
Benefits paid to participants$371,783,418
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.5B · 35,256 accts · $91.0M emplr
2023$3.2B · 35,919 accts · $90.6M emplr
2022$2.7B · 34,554 accts · $83.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,952,882
Investment management$741,210
Total administrative$2,715,970
The Allina Health System 401(k) match · 2024
Employer contribution per active participant$3,217
Median for plans this size$5,259
2024$3,217 per active participant
2023$3,061 per active participant
2022$2,878 per active participant

Allina Health System's 2024 employer contribution ran below the $5,259 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 · 20244
FIDELITY INVESTMENTS INSTITUTIONAL · Recordkeeping · Trustee$1,952,882
PROMANAGE · Investment advisory (participants)$720,006
FAGRE DRINKER BIDDLE & REATH LLP · Legal$21,878
MERCER INVESTMENTS LLC · Investment advisory (plan)$20,757

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Fidelity
2023Fidelity

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$2,715,970 · 0.08%
2023$2,628,852 · 0.09%
2022$2,532,690 · 0.09%
All plans at this employer2
ALLINA 401K RETIREMENT SAVINGS PLAN401(k)
ALLINA 403(B) RETIREMENT SAVINGS PLAN403(b)
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Mayo Clinic MN$15.1B · 0.07%
Fairview Health Services MN$3.3B · 0.06%
Group Health Plan, Inc. MN$2.6B · 0.02%
Essentia Health MN$2.2B · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363261413 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.