Plan Ledger DOL Form 5500 · updated monthly

Ebenezer Society401(k)

EBENEZER SOCIETY 401(K) PROFIT-SHARING PLAN · EDINA, MN · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Ebenezer Society reported $140,171 in plan administrative expenses for 2024: 0.25% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,217 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 5 years on file its reported administrative ratio rose from 0.17% to 0.25%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 406th-largest of 1,918 plans among Minnesota employers on file, and the 1,526th of 11,911 in health care & social assistance. In 2024, employees put in $1.77 for every $1.00 the employer contributed; active participation has grown from 2,678 to 4,870 since 2019.

Plan summary
Net assets, end of year$64,407,438
Participants with balances4,497
Active participants4,870
Employer contributions$5,924,471
Employee contributions$10,460,050
Employer contribution per active participant$1,217
Average account balance$14,322
Benefits paid to participants$7,444,453
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2024$64.4M · 4,497 accts · $5.9M emplr
2023$47.4M · 3,565 accts · $4.8M emplr
2022$31.7M · 1,822 accts · $1.7M emplr
2019$19.9M · 868 accts · $870K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$128,346
Investment management$11,825
Total administrative$140,171
The Ebenezer Society 401(k) match · 2024
Employer contribution per active participant$1,217
Median for plans this size$3,635
2024$1,217 per active participant
2023$1,069 per active participant
2022$568 per active participant
2019$325 per active participant

Ebenezer Society's 2024 employer contribution ran below the $3,635 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 · 20242
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$11,825

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

Administrative cost history4
2024$140,171 · 0.25%
2023$102,431 · 0.26%
2022$64,054 · 0.20%
2019$29,796 · 0.17%
All plans at this employer2
EBENEZER SOCIETY 403B THRIFT PLAN401(k)
EBENEZER SOCIETY 401(K) PROFIT-SHARING PLAN401(k)
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 410706141 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.