Plan Ledger DOL Form 5500 · updated monthly

Glencoe Regional Health Services401(k)

GLENCOE REGIONAL HEALTH SERVICES 401(K) RETIREMENT PLAN · GLENCOE, MN · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Glencoe Regional Health Services reported $143,488 in plan administrative expenses for 2024: 0.22% of average plan assets, above the peer median. Employer contributions averaged $2,881 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 0.225%. 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 385th-largest of 1,918 plans among Minnesota employers on file, and the 1,458th of 11,911 in health care & social assistance. In 2024, employees put in $1.52 for every $1.00 the employer contributed; active participation has grown from 416 to 578 since 2022.

Plan summary
Net assets, end of year$69,065,501
Participants with balances692
Active participants578
Employer contributions$1,665,315
Employee contributions$2,528,888
Employer contribution per active participant$2,881
Average account balance$99,806
Benefits paid to participants$3,425,628
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$69.1M · 692 accts · $1.7M emplr
2023$58.7M · 563 accts · $1.4M emplr
2022$50.3M · 511 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$77,622
Investment management$54,167
Audit (IQPA)$11,699
Total administrative$143,488
The Glencoe Regional Health Services 401(k) match · 2024
Employer contribution per active participant$2,881
Median for plans this size$3,635
2024$2,881 per active participant
2023$3,138 per active participant
2022$2,959 per active participant

Glencoe Regional Health Services's 2024 employer contribution ran below the $3,635 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
EMPOWER ADVISORY GROUP, LLC · Investment management$34,167
ALERUS FINANCIAL NA · Investment advisory (plan)$20,000
CLIFTON LARSON ALLEN WEALTH ADVISOR · Accounting / audit$11,699

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$143,488 · 0.22%
2023$126,245 · 0.23%
2022$122,069 · 0.22%
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Rvo Health, LLC MN$69.2M · 0.11%
Ecumen MN$69.1M · 0.23%
Ebenezer Society MN$64.4M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411949230 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.