Plan Ledger DOL Form 5500 · updated monthly

Amery Regional Medical Center403(b)

AMERY HOSPITAL & CLINIC 403(B)PLAN · MINNEAPOLIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Amery Regional Medical Center reported $28,021 in plan administrative expenses for 2024: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,126 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 0.087%. 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 630th-largest of 1,918 plans among Minnesota employers on file, and the 2,523rd of 11,911 in health care & social assistance. In 2024, employees put in $2.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$34,043,592
Participants with balances499
Active participants410
Employer contributions$871,859
Employee contributions$1,800,280
Employer contribution per active participant$2,126
Average account balance$68,224
Benefits paid to participants$3,101,755
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$34.0M · 499 accts · $872K emplr
2023$30.7M · 525 accts · $791K emplr
2022$26.2M · 494 accts · $760K emplr
Employer contributions to the Amery Regional Medical Center plan · 2024
Employer contribution per active participant$2,126
Median for plans this size$2,416
2024$2,126 per active participant
2023$1,939 per active participant
2022$1,969 per active participant

Amery Regional Medical Center'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 · 20241
FIDELITY INVESTMENTS · Loan processing$28,021

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$28,021 · 0.09%
2023$28,197 · 0.10%
2022$25,817 · 0.09%
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Alexandria Clinic, P.A. MN$36.6M · 0.17%
Hudson Hospital MN$33.6M · 0.09%
Minnesota Masonic Charities MN$33.0M · 0.39%
Fraser MN$31.2M · 0.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 390908320 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.