Plan Ledger DOL Form 5500 · updated monthly

Hospice of the Red River Valley401(k)

HOSPICE OF THE RED RIVER VALLEY 401(K) PLAN · FARGO, ND · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Hospice of the Red River Valley reported $60,943 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $1,779 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 0.09% to 0.38%. 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 132nd-largest of 279 plans among North Dakota employers on file, and the 4,095th of 11,911 in health care & social assistance. In 2024, employees put in $2.91 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,249,202
Participants with balances243
Active participants216
Employer contributions$384,350
Employee contributions$1,119,545
Employer contribution per active participant$1,779
Average account balance$70,984
Benefits paid to participants$1,614,245
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.2M · 243 accts · $384K emplr
2023$15.2M · 249 accts · $381K emplr
2022$12.4M · 224 accts · $318K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,803
Investment management$31,140
Total administrative$60,943
The Hospice of the Red River Valley 401(k) match · 2024
Employer contribution per active participant$1,779
Median for plans this size$2,416
2024$1,779 per active participant
2023$1,807 per active participant
2022$1,484 per active participant

Hospice of the Red River Valley's 2024 employer contribution ran below the $2,416 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
CONCOURSE FINANCIAL GROUP SECURITI · Investment advisory (plan)$30,844
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$29,803

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$60,943 · 0.38%
2023$55,406 · 0.40%
2022$11,926 · 0.09%
Same employer
Similar plansHealth Care & Social Assistance · North Dakota
Aldevron, LLC ND$20.1M · 0.57%
Sanford Bismarck ND$20.0M · 0.07%
Development Homes, Inc. ND$14.5M · 0.50%
Sakakawea Medical Center ND$13.8M · 0.73%
Bethany Retirement Living ND$13.3M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450349152 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.