Plan Ledger DOL Form 5500 · updated monthly

Living Well Disability Services401(k)

LIVING WELL DISABILITY SERVICES 401(K) PLAN · MENDOTA HEIGHTS, MN · plan year 2024

Reported admin expense ratio · 2024
0.67%

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

Living Well Disability Services reported $96,574 in plan administrative expenses for 2024: 0.67% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,460 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 0.11% to 0.67%. 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 among the smaller plans on file in Minnesota (1,059th of 1,918), and the 4,410th of 11,911 in health care & social assistance. In 2024, employees put in $1.20 for every $1.00 the employer contributed; active participation has grown from 329 to 373 since 2022.

Plan summary
Net assets, end of year$15,365,695
Participants with balances615
Active participants373
Employer contributions$544,751
Employee contributions$651,440
Employer contribution per active participant$1,460
Average account balance$24,985
Benefits paid to participants$1,123,788
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.4M · 615 accts · $545K emplr
2023$13.4M · 621 accts · $478K emplr
2022$11.2M · 624 accts · $504K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$93,775
Investment management$2,799
Total administrative$96,574
The Living Well Disability Services 401(k) match · 2024
Employer contribution per active participant$1,460
Median for plans this size$2,416
2024$1,460 per active participant
2023$1,362 per active participant
2022$1,531 per active participant

Living Well Disability Services'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
MUTUAL OF AMERICA SEC. CORP LLC · Recordkeeping · Loan processing$93,775
WILSHIRE ASSOCIATES INC. · Named fiduciary$2,799

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

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Administrative cost history3
2024$96,574 · 0.67%
2023$39,928 · 0.32%
2022$13,375 · 0.11%
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Woodland Centers MN$15.4M · 0.44%
Creekside Companies, Inc. MN$15.2M · 0.48%
Opportunity Partners, Inc. MN$15.0M · 0.45%
Rise, Inc. MN$15.0M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 237181360 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.