Plan Ledger DOL Form 5500 · updated monthly

Family Pathways401(k)

FAMILY PATHWAYS 401(K) PLAN · NORTH BRANCH, MN · plan year 2024

Reported admin expense ratio · 2024
1.24%

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

Family Pathways reported $16,301 in plan administrative expenses for 2024: 1.24% of average plan assets, higher than ~90% of peers. Employer contributions averaged $414 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 1.24%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Minnesota (1,836th of 1,918), and 3,005th of 3,341 in other services. In 2024, employees put in $2.20 for every $1.00 the employer contributed; active participation has grown from 146 to 165 since 2022.

Plan summary
Net assets, end of year$1,319,257
Participants with balances121
Active participants165
Employer contributions$68,369
Employee contributions$150,618
Employer contribution per active participant$414
Average account balance$10,903
Benefits paid to participants$282,162
Plan auditUnmodified (clean) audit opinion
AuditorABDO LLP
Plan history3
Yearassets · accounts · employer contribution
2024$1.3M · 121 accts · $68K emplr
2023$1.3M · 119 accts · $63K emplr
2022$1.1M · 103 accts · $56K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,301
Total administrative$16,301
The Family Pathways 401(k) match · 2024
Employer contribution per active participant$414
Median for plans this size$1,313
2024$414 per active participant
2023$364 per active participant
2022$383 per active participant

Family Pathways'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.

Service providers · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$16,301
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$16,301 · 1.24%
2023$14,128 · 1.18%
2022$13,637 · 1.23%
Same employer
Similar plansOther Services · Minnesota
Carr's Tree Service, Inc. MN$2.7M · 0.43%
Dalco Enterprises, Inc. MN$1.7M · 1.82%
W Peyton Company MN$1.4M · 0.99%
Hadc Services, LLC 403(B) MN$1.1M · 0.08%
Stevens Unlimited MN$757K · 1.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411332828 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.