Plan Ledger DOL Form 5500 · updated monthly

Mayo Holding Company401(k)

MAYO RETIREMENT SAVINGS PLAN · ROCHESTER, MN · plan year 2025

Reported admin expense ratio · 2025
0.03%

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

Mayo Holding Company reported $200,174 in plan administrative expenses for 2025: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $34 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 0.04% to 0.03%. 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 53rd-largest of 1,918 plans among Minnesota employers on file, and the 227th of 11,911 in health care & social assistance. In 2025, employees put in $4.96 for every $1.00 the employer contributed; active participation has shrunk from 4,149 to 3,290 since 2022.

Plan summary
Net assets, end of year$813,367,361
Participants with balances4,584
Active participants3,290
Employer contributions$113,416
Employee contributions$562,545
Employer contribution per active participant$34
Average account balance$177,436
Benefits paid to participants$65,750,369
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$813.4M · 4,584 accts · $113K emplr
2024$762.2M · 4,897 accts · $44K emplr
2023$743.2M · 5,191 accts · $24K emplr
2022$710.7M · 5,560 accts · $15K emplr
Administrative expenses, itemized · 2025
Investment management$491,174
Total administrative$200,174
The Mayo Holding Company 401(k) match · 2025
Employer contribution per active participant$34
Median for plans this size$4,295
2025$34 per active participant
2024$12 per active participant
2023$6 per active participant
2022$4 per active participant

Mayo Holding Company'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 · 20253
FINANCIAL ENGINES · Investment advisory (plan)$491,174
WILLIS TOWERS WATSON US LLC · Consulting$7,360
FIDELITY INV INST OP CO, LLC · Loan processingindirect comp

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$200,174 · 0.03%
2024$227,585 · 0.03%
2023$226,429 · 0.03%
2022$307,823 · 0.04%
Similar plansHealth Care & Social Assistance · Minnesota
Centracare Health System MN$1.2B · 0.10%
Optumcare Management, LLC MN$1.1B · 0.03%
North Memorial Health MN$778.3M · 0.11%
Optum Medical Services, P.C. MN$718.1M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411578020 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.