Plan Ledger DOL Form 5500 · updated monthly

Good Shepherd Lutheran Home401(k)

GOOD SHEPHERD LUTHERAN HOME PROFIT SHARING & 401(K) PLAN · SAUK RAPIDS, MN · plan year 2025

Reported admin expense ratio · 2025
0.52%

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

Good Shepherd Lutheran Home reported $52,138 in plan administrative expenses for 2025: 0.52% of average plan assets, below the peer median. Employer contributions averaged $794 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 fell from 0.62% to 0.52%. The plan sits in the $1M–$10M size bracket, benchmarked here against 809 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Minnesota (1,251st of 1,918), and the 5,446th of 11,911 in health care & social assistance. In 2025, employees put in $3.43 for every $1.00 the employer contributed; active participation has grown from 247 to 289 since 2022.

Plan summary
Net assets, end of year$10,938,964
Participants with balances322
Active participants289
Employer contributions$229,439
Employee contributions$786,471
Employer contribution per active participant$794
Average account balance$33,972
Benefits paid to participants$408,388
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$10.9M · 322 accts · $229K emplr
2024$9.0M · 302 accts · $163K emplr
2023$7.7M · 275 accts · $164K emplr
2022$6.5M · 147 accts · $154K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$24,331
Investment management$3,450
Total administrative$52,138
The Good Shepherd Lutheran Home 401(k) match · 2025
Employer contribution per active participant$794
Median for plans this size$1,464
2025$794 per active participant
2024$573 per active participant
2023$648 per active participant
2022$624 per active participant

Good Shepherd Lutheran Home's 2025 employer contribution ran below the $1,464 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
BREMER BANK NATIONAL ASSOCIATION$24,357
1834 INVESTMENT ADVISORS CO · Investment advisory (plan)$3,450

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

Administrative cost history4
2025$52,138 · 0.52%
2024$41,988 · 0.50%
2023$39,072 · 0.55%
2022$45,404 · 0.62%
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Proact, Inc. MN$11.1M · 0.09%
Bethesda MN$11.0M · 0.69%
Feed My Starving Children MN$11.0M · 0.13%
Thomas Allen, Inc. MN$11.0M · 0.36%
Human Development Center MN$10.8M · 0.07%
Alight MN$10.8M · 0.20%
Ccri, Inc. MN$10.8M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410851905 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.