Gn Hearing Care Corporation401(k)
GN RETIREMENT SAVINGS PLAN · BLOOMINGTON, MN · plan year 2024
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
Gn Hearing Care Corporation reported $54,283 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,752 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 fell from 0.05% to 0.03%. 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 163rd-largest of 1,918 plans among Minnesota employers on file, and the 641st of 11,911 in health care & social assistance. In 2024, employees put in $2.21 for every $1.00 the employer contributed; active participation has grown from 1,049 to 1,181 since 2022.
Gn Hearing Care Corporation's 2024 employer contribution ran above 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 770019588 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.