Plan Ledger DOL Form 5500 · updated monthly

Catholic Eldercare, Inc.403(b)

CATHOLIC ELDERCARE 403(B) PLAN · MINNEAPOLIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.59%

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

Catholic Eldercare, Inc. reported $54,006 in plan administrative expenses for 2024: 0.59% of average plan assets, above the peer median. Employer contributions averaged $357 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 3 years on file its reported administrative ratio has held roughly steady near 0.59%. 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 Minnesota (1,343rd of 1,918), and 5,956th of 11,911 in health care & social assistance. In 2024, employees put in $6.27 for every $1.00 the employer contributed; active participation has grown from 364 to 425 since 2022.

Plan summary
Net assets, end of year$9,268,848
Participants with balances193
Active participants425
Employer contributions$151,582
Employee contributions$951,041
Employer contribution per active participant$357
Average account balance$48,025
Benefits paid to participants$2,320,476
Plan auditDisclaimer of opinion
AuditorSCHECHTER DOKKEN KANTER CPA'S
Plan history3
Yearassets · accounts · employer contribution
2024$9.3M · 193 accts · $152K emplr
2023$9.0M · 199 accts · $135K emplr
2022$8.0M · 206 accts · $147K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$54,006
Total administrative$54,006
Employer contributions to the Catholic Eldercare, Inc. plan · 2024
Employer contribution per active participant$357
Median for plans this size$1,313
2024$357 per active participant
2023$316 per active participant
2022$405 per active participant

Catholic Eldercare, Inc.'s 2024 employer contribution ran below the $1,313 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)$54,206

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$54,006 · 0.59%
2023$51,800 · 0.61%
2022$53,159 · 0.57%
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Cps Puerto Rico, Inc. MN$9.3M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411399954 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.