Plan Ledger DOL Form 5500 · updated monthly

Mayo Clinic Health System - Mankato401(k)

MAYO CLINIC HEALTH SYSTEM 401(A) PLAN · MANKATO, MN · plan year 2025

Reported admin expense ratio · 2025
0.07%

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

Mayo Clinic Health System - Mankato reported $192,718 in plan administrative expenses for 2025: 0.07% of average plan assets, below the peer median. Employer contributions averaged $0 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 fell from 0.08% to 0.07%. The plan sits in the $250M–$1B size bracket, benchmarked here against 230 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 134th-largest of 1,918 plans among Minnesota employers on file, and the 519th of 11,911 in health care & social assistance. active participation has shrunk from 2,618 to 2,157 since 2022.

Plan summary
Net assets, end of year$277,995,721
Participants with balances3,376
Active participants2,157
Employer contributions$0
Employee contributions$0
Employer contribution per active participant$0
Average account balance$82,345
Benefits paid to participants$18,074,840
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$278.0M · 3,376 accts
2024$256.1M · 3,539 accts
2023$249.0M · 3,691 accts
2022$230.0M · 3,822 accts
Administrative expenses, itemized · 2025
Investment management$284,273
Total administrative$192,718
The Mayo Clinic Health System - Mankato 401(k) match · 2025
Employer contribution per active participant$0
Median for plans this size$4,295

Mayo Clinic Health System - Mankato's 2025 employer contribution ran below the $4,295 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
FINANCIAL ENGINES · Investment advisory (plan)$284,273

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

Administrative cost history4
2025$192,718 · 0.07%
2024$195,861 · 0.08%
2023$190,876 · 0.08%
2022$223,151 · 0.08%
Similar plansHealth Care & Social Assistance · Minnesota
Mngi Digestive Health, P.A. MN$302.6M · 0.07%
Midwest Radiology, P.A. MN$300.3M · 0.01%
The Polyclinic, PLLC MN$291.5M · 0.02%
Mankato Clinic LTD MN$236.0M · 0.14%
Orthoalliance Mso, LLC MN$233.4M · 0.20%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 411236756 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.