Plan Ledger DOL Form 5500 · updated monthly

Cenneidigh, Inc.401(k)

CENNEIDIGH, INC. 401(K) PLAN · FARIBAULT, MN · plan year 2023

Reported admin expense ratio · 2023
0.60%

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

Cenneidigh, Inc. reported $14,994 in plan administrative expenses for 2023: 0.60% of average plan assets, above the peer median. Employer contributions averaged $535 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 0.76%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Minnesota (1,741st of 1,918), and 9,397th of 11,911 in health care & social assistance. In 2023, employees put in $2.58 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,815,367
Participants with balances115
Active participants149
Employer contributions$79,700
Employee contributions$205,759
Employer contribution per active participant$535
Average account balance$24,481
Benefits paid to participants$58,076
Plan auditUnmodified (clean) audit opinion
AuditorSMITH SCHAFER & ASSOCIATES, LTD
Plan history3
Yearassets · accounts · employer contribution
2024$2.6M · 93 accts · $71K emplr
2023$2.8M · 115 accts · $80K emplr
2022$2.2M · 101 accts · $75K emplr
Administrative expenses, itemized · 2023
Investment management$14,994
Total administrative$14,994
The Cenneidigh, Inc. 401(k) match · 2023
Employer contribution per active participant$535
Median for plans this size$1,308
2024$553 per active participant
2023$535 per active participant
2022$523 per active participant

Cenneidigh, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
ALERUS FINANCIAL, N.A. · Recordkeeping · Custodial (securities)$14,994

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$20,601 · 0.76%
2023$14,994 · 0.60%
2022$16,923 · 0.73%
Similar plansHealth Care & Social Assistance · Minnesota
Relate, Inc. MN$2.8M · 0.11%
Open Door Health Center MN$2.8M · 0.01%
The Link MN$2.8M · 0.02%
Genesis Group Homes, Inc. MN$2.8M · 1.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411466240 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.