Plan Ledger DOL Form 5500 · updated monthly

Blaze Health, LLC401(k)

BLAZE HEALTH, LLC 401(K) PLAN · ROBBINSDALE, MN · plan year 2023

Reported admin expense ratio · 2023
0.09%

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

Blaze Health, LLC reported $97,213 in plan administrative expenses for 2023: 0.09% of average plan assets, below the peer median. Employer contributions averaged $23,816 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 1 year on file its reported administrative ratio rose from 0.07% to 0.09%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 241st-largest of 1,918 plans among Minnesota employers on file, and the 946th of 11,911 in health care & social assistance. In 2023, employees put in $1.90 for every $1.00 the employer contributed; active participation has shrunk from 859 to 134 since 2022.

Plan summary
Net assets, end of year$118,541,399
Participants with balances3
Active participants134
Employer contributions$3,191,326
Employee contributions$6,060,199
Employer contribution per active participant$23,816
Average account balance$39,513,800
Benefits paid to participants$11,761,716
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$118.5M · 3 accts · $3.2M emplr
2022$100.9M · 840 accts · $3.8M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$79,265
Investment management$17,948
Total administrative$97,213
The Blaze Health, LLC 401(k) match · 2023
Employer contribution per active participant$23,816
Median for plans this size$3,659
2023$23,816 per active participant
2022$4,400 per active participant

Blaze Health, LLC's 2023 employer contribution ran above the $3,659 median for plans its size, placing it in the top 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
ADVISED ASSETS GROUP, LLC · Investment advisory (participants)$17,948

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$97,213 · 0.09%
2022$71,930 · 0.07%
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Cassia MN$128.2M · 0.12%
Lakeview Clinic, LTD MN$106.1M · 0.30%
Winona Health Services MN$96.7M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 842906333 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.