Plan Ledger DOL Form 5500 · updated monthly

Mend Correctional Care, PLLC401(k)

MEND CORRECTIONAL CARE, PLLC 401(K) PLAN · SARTELL, MN · plan year 2022

Reported admin expense ratio · 2022
0.17%

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

Mend Correctional Care, PLLC reported $3,749 in plan administrative expenses for 2022: 0.17% of average plan assets, below the peer median. Employer contributions averaged $1,748 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 $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Minnesota (1,798th of 1,918), and 10,187th of 11,911 in health care & social assistance. In 2022, employees put in $1.70 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,836,502
Participants with balances66
Active participants44
Employer contributions$76,931
Employee contributions$130,505
Employer contribution per active participant$1,748
Average account balance$27,826
Benefits paid to participants$416,441
Plan auditQualified audit opinion
AuditorGRAFTSOM MAYER LLC
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$3,749
Total administrative$3,749
The Mend Correctional Care, PLLC 401(k) match · 2022
Employer contribution per active participant$1,748
Median for plans this size$1,114

Mend Correctional Care, PLLC's 2022 employer contribution ran above the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$3,749 · 0.17%
Similar plansHealth Care & Social Assistance · Minnesota
Lorenz Clinic LLC MN$2.0M · 1.66%
Larry James Homes, Inc. MN$1.9M · 0.07%
Phyxius, Inc. MN$1.8M · 1.32%
Opportunity Matters, Inc. MN$1.8M · 0.94%

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Source: U.S. Department of Labor, Form 5500 series, EIN 262633947 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.