Plan Ledger DOL Form 5500 · updated monthly

Bethany Retirement Living401(k)

BETHANY RETIREMENT LIVING 401(K) PLAN · FARGO, ND · plan year 2024

Reported admin expense ratio · 2024
0.62%

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

Bethany Retirement Living reported $79,020 in plan administrative expenses for 2024: 0.62% of average plan assets, higher than ~75% of peers. Employer contributions averaged $741 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 0.53% to 0.62%. 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 among the smaller plans on file in North Dakota (154th of 279), and the 4,847th of 11,911 in health care & social assistance. In 2024, employees put in $1.55 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,304,632
Participants with balances353
Active participants725
Employer contributions$537,558
Employee contributions$834,906
Employer contribution per active participant$741
Average account balance$37,690
Benefits paid to participants$1,847,128
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.3M · 353 accts · $538K emplr
2023$12.3M · 371 accts · $508K emplr
2022$10.4M · 354 accts · $478K emplr
The Bethany Retirement Living 401(k) match · 2024
Employer contribution per active participant$741
Median for plans this size$2,416
2024$741 per active participant
2023$689 per active participant
2022$688 per active participant

Bethany Retirement Living's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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 (directed)$79,020

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$79,020 · 0.62%
2023$70,779 · 0.62%
2022$64,500 · 0.53%
Similar plansHealth Care & Social Assistance · North Dakota
Development Homes, Inc. ND$14.5M · 0.50%
Sakakawea Medical Center ND$13.8M · 0.73%
Able, Inc. ND$13.1M · 0.13%
Unity Medical Center ND$11.7M · 0.30%
Enable, Inc. ND$11.6M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450394181 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.