Plan Ledger DOL Form 5500 · updated monthly

Fairview Range Regional Health Services403(b)

FAIRVIEW RANGE REGIONAL HEALTH SERVICES 403B PLAN · HIBBING, MN · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Fairview Range Regional Health Services reported $73,748 in plan administrative expenses for 2024: 0.10% of average plan assets, below the peer median. Employer contributions averaged $1,599 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 0.097%. 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 331st-largest of 1,918 plans among Minnesota employers on file, and the 1,264th of 11,911 in health care & social assistance. In 2024, employees put in $3.08 for every $1.00 the employer contributed; active participation has grown from 931 to 1,084 since 2022.

Plan summary
Net assets, end of year$82,890,965
Participants with balances1,269
Active participants1,084
Employer contributions$1,732,871
Employee contributions$5,334,619
Employer contribution per active participant$1,599
Average account balance$65,320
Benefits paid to participants$4,257,603
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$82.9M · 1,269 accts · $1.7M emplr
2023$69.9M · 1,143 accts · $2.7M emplr
2022$55.8M · 1,107 accts · $2.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$56,408
Investment management$17,340
Total administrative$73,748
Employer contributions to the Fairview Range Regional Health Services plan · 2024
Employer contribution per active participant$1,599
Median for plans this size$3,635
2024$1,599 per active participant
2023$3,018 per active participant
2022$2,601 per active participant

Fairview Range Regional Health Services'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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$56,408
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$14,749

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$73,748 · 0.10%
2023$68,934 · 0.11%
2022$58,128 · 0.10%
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Optum Oregon Mso, LLC MN$85.6M · 0.07%
Hutchinson Health MN$82.8M · 0.06%
Lakewood Health System MN$78.4M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411293970 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.