Melody Cares Inc401(k)
MELODY CARES 401(K) PLAN · STILLWATER, MN · plan year 2024
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Melody Cares Inc reported $57 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $298 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.
The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Minnesota (1,906th of 1,918), and 11,734th of 11,911 in health care & social assistance. In 2024, employees put in $1.51 for every $1.00 the employer contributed.
Melody Cares Inc's 2024 employer contribution ran below the $540 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 861789131 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.