Plan Ledger DOL Form 5500 · updated monthly

Family Service Rochester, Inc.DC plan

403(B) THRIFT PLAN FOR FAMILY SERVICE ROCHESTER, INC. · ROCHESTER, MN · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Family Service Rochester, Inc. reported $585 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $972 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 0.006% to 0.007%. 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 (1,364th of 1,918), and 6,117th of 11,911 in health care & social assistance. In 2024, employees put in $1.84 for every $1.00 the employer contributed; active participation has grown from 98 to 171 since 2022.

Plan summary
Net assets, end of year$8,827,293
Participants with balances132
Active participants171
Employer contributions$166,132
Employee contributions$306,475
Employer contribution per active participant$972
Average account balance$66,873
Benefits paid to participants$554,485
Plan auditUnmodified (clean) audit opinion
AuditorSMITH SCHAFER & ASSOCIATES, LTD.
Plan history3
Yearassets · accounts · employer contribution
2024$8.8M · 132 accts · $166K emplr
2023$7.7M · 140 accts · $205K emplr
2022$6.8M · 136 accts · $180K emplr
Employer contributions to the Family Service Rochester, Inc. plan · 2024
Employer contribution per active participant$972
Median for plans this size$1,313
2024$972 per active participant
2023$1,849 per active participant
2022$1,838 per active participant

Family Service Rochester, Inc.'s 2024 employer contribution ran below 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 · 20241
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$689

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$585 · 0.01%
2023$357 · 0.00%
2022$421 · 0.01%
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Catholic Eldercare, Inc. MN$9.3M · 0.59%
Cps Puerto Rico, Inc. MN$9.3M · 0.52%
Tubman MN$8.8M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410883453 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.