Plan Ledger DOL Form 5500 · updated monthly

Lutheran Charity Association dba Jamestown Regional Med Ctr 401K Plan401(k)

LUTHERAN CHARITY ASSOC DBA JAMESTOWN REGIONAL MEDICAL CENTER 401K PLAN · JAMESTOWN, ND · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Lutheran Charity Association dba Jamestown Regional Med Ctr 401K Plan reported $158,977 in plan administrative expenses for 2024: 0.30% of average plan assets, higher than ~75% of peers. Employer contributions averaged $5,889 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 has held roughly steady near 0.305%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 44th-largest of 279 plans among North Dakota employers on file, and the 1,719th of 11,911 in health care & social assistance. In 2024, employees put in $1.11 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$55,525,878
Participants with balances447
Active participants315
Employer contributions$1,855,149
Employee contributions$2,055,741
Employer contribution per active participant$5,889
Average account balance$124,219
Benefits paid to participants$4,264,614
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$55.5M · 447 accts · $1.9M emplr
2023$48.9M · 432 accts · $1.7M emplr
2022$41.8M · 430 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$158,977
Total administrative$158,977
The Lutheran Charity Association dba Jamestown Regional Med Ctr 401K Plan 401(k) match · 2024
Employer contribution per active participant$5,889
Median for plans this size$3,635
2024$5,889 per active participant
2023$5,531 per active participant
2022$5,077 per active participant

Lutheran Charity Association dba Jamestown Regional Med Ctr 401K Plan's 2024 employer contribution ran above the $3,635 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 · 20241
ALERUS FINANCIAL, N.A. · Trustee (directed) · Recordkeeping$158,977

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

Recordkeeper by year2
2024Alerus
2023Alerus

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

Administrative cost history3
2024$158,977 · 0.30%
2023$137,824 · 0.30%
2022$133,657 · 0.30%
Same employer
Similar plansHealth Care & Social Assistance · North Dakota
Altru Health System ND$488.6M · 0.06%
Trinity Health ND$407.3M · 0.07%
St. Alexius Medical Center ND$164.9M · 0.17%
Mid Dakota Clinic, P.C. ND$81.0M · 0.18%
Valley Senior Living ND$34.4M · 0.41%
Dakota Eye Institute, PC ND$30.7M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450231181 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.