Plan Ledger DOL Form 5500 · updated monthly

Anne Carlsen Center401(k)

ANNE CARLSEN CENTER 401(K) PLAN · JAMESTOWN, ND · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Anne Carlsen Center reported $86,897 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $1,495 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 0.43% to 0.35%. 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 92nd-largest of 279 plans among North Dakota employers on file, and the 3,031st of 11,911 in health care & social assistance. In 2024, employees put in $1.79 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$26,560,724
Participants with balances395
Active participants522
Employer contributions$780,604
Employee contributions$1,398,802
Employer contribution per active participant$1,495
Average account balance$67,242
Benefits paid to participants$1,776,746
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$26.6M · 395 accts · $781K emplr
2023$23.1M · 385 accts · $724K emplr
2022$19.2M · 389 accts · $741K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,789
Investment management$78,108
Total administrative$86,897
The Anne Carlsen Center 401(k) match · 2024
Employer contribution per active participant$1,495
Median for plans this size$2,416
2024$1,495 per active participant
2023$1,503 per active participant
2022$1,538 per active participant

Anne Carlsen 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
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$86,897

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

Recordkeeper by year2
2024Alerus
2023Alerus

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

Administrative cost history3
2024$86,897 · 0.35%
2023$84,862 · 0.40%
2022$91,410 · 0.43%
Same employer
Similar plansHealth Care & Social Assistance · North Dakota
Dakota Eye Institute, PC ND$30.7M · 0.24%
Hit, Inc. ND$27.4M · 0.02%
Dakota Boys and Girls Ranch ND$23.1M · 0.01%
Dms Imaging Inc. ND$21.8M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 870694180 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.