Plan Ledger DOL Form 5500 · updated monthly

Guardian Angels Health Services Inc.403(b)

GUARDIAN ANGELS 403B RETIREMENT PLAN · ELK RIVER, MN · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Guardian Angels Health Services Inc. reported $31,656 in plan administrative expenses for 2024: 0.36% of average plan assets, below the peer median. Employer contributions averaged $1,012 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 0.26% to 0.36%. 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 (1,324th of 1,918), and the 5,821st of 11,911 in health care & social assistance. In 2024, employees put in $1.82 for every $1.00 the employer contributed; active participation has grown from 490 to 573 since 2022.

Plan summary
Net assets, end of year$9,647,229
Participants with balances644
Active participants573
Employer contributions$580,106
Employee contributions$1,058,650
Employer contribution per active participant$1,012
Average account balance$14,980
Benefits paid to participants$1,287,022
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.6M · 644 accts · $580K emplr
2023$8.2M · 610 accts · $502K emplr
2022$6.2M · 559 accts · $487K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,151
Investment management$14,505
Total administrative$31,656
Employer contributions to the Guardian Angels Health Services Inc. plan · 2024
Employer contribution per active participant$1,012
Median for plans this size$1,313
2024$1,012 per active participant
2023$939 per active participant
2022$994 per active participant

Guardian Angels Health Services 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 · 20242
AMERICAN UNITED LIFE INSURANCE CO · Recordkeeping · Participant communication$17,151
GALLAGHER BENEFIT SVCS INC. · Investment advisory (participants) · Investment advisory (plan)$14,505

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

Recordkeeper by year2
2024OneAmerica
2023OneAmerica

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

Administrative cost history3
2024$31,656 · 0.36%
2023$20,059 · 0.28%
2022$17,972 · 0.26%
All plans at this employer2
GUARDIAN ANGELS HEALTH SERVICES INC. EMPLOYEES PENSION PLANMoney purchase plan
GUARDIAN ANGELS 403B RETIREMENT PLAN403(b)
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Homeward Bound, Inc. MN$9.8M · 0.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410858938 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.