Plan Ledger DOL Form 5500 · updated monthly

Divine House, Inc401(k)

DIVINE HOUSE 401K PLAN · WILLMAR, MN · plan year 2024

Reported admin expense ratio · 2024
1.16%

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

Divine House, Inc reported $46,539 in plan administrative expenses for 2024: 1.16% of average plan assets, higher than ~75% of peers. Employer contributions averaged $41 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 1.08% to 1.16%. 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 (1,642nd of 1,918), and 8,343rd of 11,911 in health care & social assistance. In 2024, employees put in $5.52 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,289,574
Participants with balances151
Active participants1,720
Employer contributions$70,081
Employee contributions$386,841
Employer contribution per active participant$41
Average account balance$28,408
Benefits paid to participants$333,130
Plan auditUnmodified (clean) audit opinion
AuditorLEWIS, KISCH & ASSOCIATES, LTD
Plan history3
Yearassets · accounts · employer contribution
2024$4.3M · 151 accts · $70K emplr
2023$3.8M · 158 accts · $66K emplr
2022$3.0M · 153 accts · $55K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,308
Investment management$16,231
Total administrative$46,539
The Divine House, Inc 401(k) match · 2024
Employer contribution per active participant$41
Median for plans this size$1,313
2024$41 per active participant
2023$38 per active participant
2022$32 per active participant

Divine House, 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.

Administrative cost history3
2024$46,539 · 1.16%
2023$39,556 · 1.17%
2022$35,241 · 1.08%
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
The Family Partnership MN$4.5M · 0.83%
Ah Junction, Inc. MN$4.5M · 1.34%
Fernbrook Family Center MN$4.3M · 1.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411572326 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.