Plan Ledger DOL Form 5500 · updated monthly

Aitkin Community Hospital, Inc401(k)

AITKIN COMMUNITY HOSPITAL, INC RETIREMENT SAVINGS PLAN · AITKIN, MN · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Aitkin Community Hospital, Inc reported $141,183 in plan administrative expenses for 2024: 0.27% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,933 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 rose from 0.17% to 0.27%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 452nd-largest of 1,918 plans among Minnesota employers on file, and the 1,730th of 11,911 in health care & social assistance. In 2024, employees put in $2.19 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$54,868,093
Participants with balances674
Active participants467
Employer contributions$1,369,905
Employee contributions$2,993,436
Employer contribution per active participant$2,933
Average account balance$81,407
Benefits paid to participants$4,278,917
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$54.9M · 674 accts · $1.4M emplr
2023$47.9M · 662 accts · $1.4M emplr
2022$39.4M · 605 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$141,183
Total administrative$141,183
The Aitkin Community Hospital, Inc 401(k) match · 2024
Employer contribution per active participant$2,933
Median for plans this size$3,635
2024$2,933 per active participant
2023$2,807 per active participant
2022$2,798 per active participant

Aitkin Community Hospital, Inc's 2024 employer contribution ran below the $3,635 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
COMMONWEALTH FINANCIAL NETWORK · 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$141,183 · 0.27%
2023$124,313 · 0.28%
2022$73,285 · 0.17%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 410745522 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.