Plan Ledger DOL Form 5500 · updated monthly

Kittson Memorial Hospital Association403(b)

KITTSON MEMORIAL HOSPITAL ASSOCIATION DBA KITTSON HEALTHCARE TAX DEFERRED ANNUITY PLAN · HALLOCK, MN · plan year 2024

Employer contribution per participant · 2024
$0

Kittson Memorial Hospital Association's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $5,418,345 across 125 participant accounts, with employer contributions averaging $0 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio rose from 0.02% to 0.03%. 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 (1,561st of 1,918), and 7,675th of 11,911 in health care & social assistance. active participation has grown from 167 to 273 since 2022.

Plan summary
Net assets, end of year$5,418,345
Participants with balances125
Active participants273
Employer contributions$0
Employee contributions$372,081
Employer contribution per active participant$0
Average account balance$43,347
Benefits paid to participants$347,923
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.4M · 125 accts
2023$4.7M · 113 accts
2022$4.3M · 114 accts
Employer contributions to the Kittson Memorial Hospital Association plan · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Kittson Memorial Hospital Association's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. 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.

Service providers · 20241
AMERICAN UNITED LIFE INSURANCE CO · Recordkeeping · Loan processing$1,339

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
2024Not separately reported
2023$1,211 · 0.03%
2022$961 · 0.02%
All plans at this employer2
KITTSON MEMORIAL HOSPITAL ASSOCIATION DBA KITTSON HEALTHCARE EMPLOYEES PENSION PLANMoney purchase plan
KITTSON MEMORIAL HOSPITAL ASSOCIATION DBA KITTSON HEALTHCARE TAX DEFERRED ANNUITY PLAN403(b)
Same employer
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Think Small MN$5.5M · 0.76%
Pioneer Home, Inc. MN$5.5M · 0.60%
New Challenges, Inc. MN$5.2M · 1.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410724034 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.