Plan Ledger DOL Form 5500 · updated monthly

Beaver Medical Group, P.C.401(k)

BEAVER MEDICAL GROUP 401(K) PROFIT-SHARING PLAN · MINNETONKA, MN · plan year 2023

Reported admin expense ratio · 2023
0.02%

Beaver Medical Group, P.C. reported $74,187 in plan administrative expenses for 2023: 0.02% of average plan assets, lower than ~75% of peers. 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 1 year on file its reported administrative ratio fell from 0.04% to 0.02%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,601 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 116th-largest of 1,918 plans among Minnesota employers on file, and the 471st of 11,911 in health care & social assistance. active participation has shrunk from 1,552 to 1,289 since 2022.

Plan summary
Net assets, end of year$318,972,899
Participants with balances1,941
Active participants1,289
Employer contributions—
Employee contributions—
Employer contribution per active participant—
Average account balance$164,334
Benefits paid to participants$35,875,591
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$319.0M · 1,941 accts
2022$305.0M · 2,120 accts · $9.3M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$50,337
Audit (IQPA)$23,850
Total administrative$74,187
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
FIDELITY INVST INSTNL OPRTN CO, INC · Loan processing$50,337
BAKER TILLY US, LLP · Accounting / audit$21,600
NFP RETIREMENT · Accounting / audit$2,250

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

Administrative cost history3
2024Not separately reported
2023$74,187 · 0.02%
2022$133,003 · 0.04%
Similar plansHealth Care & Social Assistance · Minnesota
St Luke's Hospital of Duluth MN$422.9M · 0.07%
Olmsted Medical Center MN$303.4M · 0.09%
Mngi Digestive Health, P.A. MN$302.6M · 0.07%
Midwest Radiology, P.A. MN$300.3M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330645967 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.