Plan Ledger DOL Form 5500 · updated monthly

Emerge Community Development403(b)

EMERGE COMMUNITY DEVELOPMENT 403(B) PLAN · MINNEAPOLIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.93%

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

Emerge Community Development reported $24,765 in plan administrative expenses for 2024: 0.93% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,485 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 0.93%. 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 (1,729th of 1,918), and 9,306th of 11,911 in health care & social assistance. In 2024, employees put in $1.14 for every $1.00 the employer contributed; active participation has grown from 127 to 146 since 2022.

Plan summary
Net assets, end of year$2,927,928
Participants with balances109
Active participants146
Employer contributions$216,856
Employee contributions$246,925
Employer contribution per active participant$1,485
Average account balance$26,862
Benefits paid to participants$255,033
Plan auditUnmodified (clean) audit opinion
AuditorMAHONEY ULBRICH CHRISTIANSEN & RUSS
Plan history3
Yearassets · accounts · employer contribution
2024$2.9M · 109 accts · $217K emplr
2023$2.4M · 122 accts · $168K emplr
2022$1.9M · 113 accts · $175K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,330
Investment management$14,887
Trustee / custodial$5,548
Total administrative$24,765
Employer contributions to the Emerge Community Development plan · 2024
Employer contribution per active participant$1,485
Median for plans this size$1,313
2024$1,485 per active participant
2023$1,601 per active participant
2022$1,377 per active participant

Emerge Community Development's 2024 employer contribution ran above 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 · 20244
ALERUS FINANCIAL, N.A. · Recordkeeping · Custodial (securities)$9,878
INTELLICENTS INC · Investment advisory (participants) · Investment advisory (plan)$14,887
CHARLES SCHWAB BANK · Custodial (securities) · Investment managementindirect comp

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$24,765 · 0.93%
2023$20,930 · 0.98%
2022$18,846 · 0.94%
Similar plansHealth Care & Social Assistance · Minnesota
Vail Place MN$2.9M · 0.07%
Lutheran Homes MN$2.8M · 0.41%
Relate, Inc. MN$2.8M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411277423 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.