Plan Ledger DOL Form 5500 · updated monthly

Cook Area Health Services,Inc.403(b)

COOK AREA HEALTH SERVICES, INC. TAX SHELTERED ANNUITY PLAN · COOK, MN · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Cook Area Health Services,Inc. reported $2,750 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,260 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 fell from 0.07% to 0.02%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Minnesota (982nd of 1,918), and the 4,069th of 11,911 in health care & social assistance. In 2024, employees put in $3.35 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,433,032
Participants with balances195
Active participants136
Employer contributions$171,380
Employee contributions$574,114
Employer contribution per active participant$1,260
Average account balance$89,400
Benefits paid to participants$1,285,802
Plan auditUnmodified (clean) audit opinion
AuditorWALKER, GIROUX AND HAHNE, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$17.4M · 195 accts · $171K emplr
2023$15.9M · 190 accts · $261 emplr
2022$13.5M · 201 accts · $347K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,750
Total administrative$2,750
Employer contributions to the Cook Area Health Services,Inc. plan · 2024
Employer contribution per active participant$1,260
Median for plans this size$2,416
2024$1,260 per active participant
2023$2 per active participant
2022$2,375 per active participant

Cook Area Health Services,Inc.'s 2024 employer contribution ran below the $2,416 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.

Administrative cost history3
2024$2,750 · 0.02%
2023$3,450 · 0.02%
2022$9,542 · 0.07%
Similar plansHealth Care & Social Assistance · Minnesota
Second Harvest Heartland MN$17.9M · 0.03%
Ableto, Inc. MN$17.8M · 0.23%
Knute Nelson MN$17.2M · 0.02%
People Incorporated MN$17.1M · 0.45%
Community Dental Care MN$16.8M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411344385 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.