Plan Ledger DOL Form 5500 · updated monthly

Bi-County Community Action ProgramsDC plan

403(B) THRIFT PLAN FOR EMPLOYEES OF BI-COUNTY COMMUNITY ACTION PROGRAMS, INC. · BEMIDJI, MN · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Bi-County Community Action Programs reported $1,362 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,175 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 0.01% to 0.02%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Minnesota (1,475th of 1,918), and 2,067th of 3,341 in other services. In 2024, employees put in $1.23 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,591,661
Participants with balances186
Active participants104
Employer contributions$226,228
Employee contributions$277,649
Employer contribution per active participant$2,175
Average account balance$35,439
Benefits paid to participants$574,854
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.6M · 186 accts · $226K emplr
2023$6.0M · 173 accts · $229K emplr
2022$4.7M · 176 accts · $118K emplr
Employer contributions to the Bi-County Community Action Programs plan · 2024
Employer contribution per active participant$2,175
Median for plans this size$1,313
2024$2,175 per active participant
2023$2,101 per active participant
2022$1,070 per active participant

Bi-County Community Action Programs'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
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$1,362

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$1,362 · 0.02%
2023$2,518 · 0.05%
2022$331 · 0.01%
Same employer
Similar plansOther Services · Minnesota
Speedy Novus Glass LLC MN$7.6M · 0.58%
Aeon MN$7.3M · 0.35%
Safenet Consulting Inc MN$7.0M · 0.69%
Simonson's Salon & Spa MN$6.5M · 0.54%
The Arc Minnesota, Inc. MN$6.4M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410885981 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.