Plan Ledger DOL Form 5500 · updated monthly

Lyngblomsten Care Center Inc.403(b)

LYNGBLOMSTEN CARE CENTER INC. TAX DEFERRED ANNUITY PLAN · SAINT PAUL, MN · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Lyngblomsten Care Center Inc. reported $1,565 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,045 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 0.007% to 0.010%. 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 (1,024th of 1,918), and the 4,260th of 11,911 in health care & social assistance. In 2024, employees put in $1.79 for every $1.00 the employer contributed; active participation has grown from 467 to 563 since 2022.

Plan summary
Net assets, end of year$16,225,555
Participants with balances348
Active participants563
Employer contributions$588,283
Employee contributions$1,052,598
Employer contribution per active participant$1,045
Average account balance$46,625
Benefits paid to participants$1,184,075
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.2M · 348 accts · $588K emplr
2023$13.8M · 323 accts
2022$11.2M · 301 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,565
Total administrative$1,565
Employer contributions to the Lyngblomsten Care Center Inc. plan · 2024
Employer contribution per active participant$1,045
Median for plans this size$2,416

Lyngblomsten Care Center Inc.'s 2024 employer contribution ran below the $2,416 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.

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 · Loan processing$2,090
GALLAGHER BENEFIT SERVICES · Investment managementindirect comp

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$1,565 · 0.01%
2023$1,038 · 0.01%
2022$924 · 0.01%
All plans at this employer2
LYNGBLOMSTEN CARE CENTER INC. EMPLOYEES PENSION PLANMoney purchase plan
LYNGBLOMSTEN CARE CENTER INC. TAX DEFERRED ANNUITY PLAN403(b)
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Knute Nelson MN$17.2M · 0.02%
People Incorporated MN$17.1M · 0.45%
Community Dental Care MN$16.8M · 0.57%
Woodland Centers MN$15.4M · 0.44%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 411310487 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.