Plan Ledger DOL Form 5500 · updated monthly

Genevive401(k)

GENEVIVE RETIREMENT PLAN · MINNEAPOLIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Genevive reported $86,970 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $9,237 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 0.23%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 564th-largest of 1,918 plans among Minnesota employers on file, and the 2,189th of 11,911 in health care & social assistance. In 2024, employees put in $1.23 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$41,345,914
Participants with balances234
Active participants182
Employer contributions$1,681,178
Employee contributions$2,066,612
Employer contribution per active participant$9,237
Average account balance$176,692
Benefits paid to participants$2,843,689
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$41.3M · 234 accts · $1.7M emplr
2023$34.9M · 213 accts · $1.5M emplr
2022$28.0M · 204 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$86,970
Total administrative$86,970
The Genevive 401(k) match · 2024
Employer contribution per active participant$9,237
Median for plans this size$2,416
2024$9,237 per active participant
2023$9,195 per active participant
2022$8,679 per active participant

Genevive's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$12,627
PENSIONMARK FINANCIAL GROUP LLC · Investment advisory (plan)$74,343

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

Recordkeeper by year2
2024The Standard
2023Securian

This plan has changed recordkeepers within these filings. If you left Genevive before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$86,970 · 0.23%
2023$70,666 · 0.22%
2022$64,417 · 0.22%
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Accanto Health, LLC MN$42.5M · 0.45%
Westfields Hospital MN$40.8M · 0.07%
Prairiecare, LLC MN$40.7M · 0.53%
Twin Cities Spine Center MN$39.5M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 453357936 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.