Plan Ledger DOL Form 5500 · updated monthly

Children's Home Society of Minnesota403(b)

CHILDREN'S HOME SOCIETY OF MINNESOTA 403(B) THRIFT PLAN · SAINT PAUL, MN · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Children's Home Society of Minnesota reported $6,510 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $979 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 0.08% to 0.12%. 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 (1,533rd of 1,918), and 7,483rd of 11,911 in health care & social assistance. In 2024, employees put in $2.69 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,772,044
Participants with balances220
Active participants57
Employer contributions$55,800
Employee contributions$150,262
Employer contribution per active participant$979
Average account balance$26,237
Benefits paid to participants$638,588
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.8M · 220 accts · $56K emplr
2023$5.4M · 218 accts · $50K emplr
2022$4.8M · 223 accts · $46K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,510
Total administrative$6,510
Employer contributions to the Children's Home Society of Minnesota plan · 2024
Employer contribution per active participant$979
Median for plans this size$1,313
2024$979 per active participant
2023$808 per active participant
2022$781 per active participant

Children's Home Society of Minnesota's 2024 employer contribution ran below 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 · 20242
MUTUAL OF AMERICA LIFE INSURANCE CO · Claims processing · Recordkeeping$144
METLIFE LIFE INSURANCE COMPANY$6,366

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

Administrative cost history3
2024$6,510 · 0.12%
2023$4,974 · 0.10%
2022$4,206 · 0.08%
Similar plansHealth Care & Social Assistance · Minnesota
Smdc Medical Center MN$6.0M · 0.02%
Accurate Home Care, LLC MN$5.9M · 0.82%
Samaritan Bethany, Inc. MN$5.8M · 0.69%
Touchstone Mental Health MN$5.8M · 1.09%
Think Small MN$5.5M · 0.76%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410693906 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.