Plan Ledger DOL Form 5500 · updated monthly

Beulah Community Nursing Home401(k)

KNIFE RIVER CARE CENTER 401(K) PROFIT SHARING PLAN · BEULAH, ND · plan year 2022

Reported admin expense ratio · 2022
0.53%

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

Beulah Community Nursing Home reported $12,392 in plan administrative expenses for 2022: 0.53% of average plan assets, above the peer median. Employer contributions averaged $1,757 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in North Dakota (262nd of 279), and 9,833rd of 11,911 in health care & social assistance. In 2022, employees put in $1.38 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,259,824
Participants with balances95
Active participants92
Employer contributions$161,665
Employee contributions$222,563
Employer contribution per active participant$1,757
Average account balance$23,788
Benefits paid to participants$651,878
Plan auditUnmodified (clean) audit opinion
The Beulah Community Nursing Home 401(k) match · 2022
Employer contribution per active participant$1,757
Median for plans this size$1,114

Beulah Community Nursing Home's 2022 employer contribution ran above the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$12,392 · 0.53%
Similar plansHealth Care & Social Assistance · North Dakota
St. Luke's Hospital ND$2.8M · 0.09%
Share House, Inc. ND$2.7M · 0.41%
Dtn Staffing, Inc. ND$786K · 0.36%
Mountrail Bethel Home ND$542K · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450277390 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.