Plan Ledger DOL Form 5500 · updated monthly

Bethel Lutheran Nursing & Rehabilitation Center401(k)

BETHEL LUTHERAN NURSING & REHABILITATION CENTER PROFIT SHARING PLAN AND TRUST · WILLISTON, ND · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Bethel Lutheran Nursing & Rehabilitation Center reported $15,017 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $1,681 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 0.27% to 0.23%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in North Dakota (216th of 279), and 7,005th of 11,911 in health care & social assistance. In 2024, the employer put in $1.21 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$6,715,825
Participants with balances156
Active participants133
Employer contributions$223,612
Employee contributions$184,399
Employer contribution per active participant$1,681
Average account balance$43,050
Benefits paid to participants$843,658
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.7M · 156 accts · $224K emplr
2023$6.4M · 163 accts · $219K emplr
2022$5.6M · 164 accts · $203K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,017
Total administrative$15,017
The Bethel Lutheran Nursing & Rehabilitation Center 401(k) match · 2024
Employer contribution per active participant$1,681
Median for plans this size$1,313
2024$1,681 per active participant
2023$1,715 per active participant
2022$1,505 per active participant

Bethel Lutheran Nursing & Rehabilitation Center's 2024 employer contribution ran above the $1,313 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
AMERICAN STATE BANK · Trustee · Investment advisory (plan)$15,017

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$15,017 · 0.23%
2023$22,973 · 0.38%
2022$16,359 · 0.27%
Same employer
Similar plansHealth Care & Social Assistance · North Dakota
Family Healthcare Center ND$7.9M · 0.41%
Pr Health Corporation ND$7.3M · 1.15%
Lutheran Sunset Home ND$6.9M · 0.33%
Heartview Foundation ND$6.6M · 0.84%
Lake Region Corporation ND$6.5M · 0.38%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 450230141 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.