Plan Ledger DOL Form 5500 · updated monthly

Mid Dakota Clinic, P.C.401(k)

MID-DAKOTA CLINIC, P.C. 401(K) PROFIT SHARING PLAN AND TRUST · BISMARCK, ND · plan year 2022

Reported admin expense ratio · 2022
0.18%

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

Mid Dakota Clinic, P.C. reported $169,003 in plan administrative expenses for 2022: 0.18% of average plan assets, above the peer median. Employer contributions averaged $1,503 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 1 year on file its reported administrative ratio rose from 0.18% to 1.52%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,341 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 38th-largest of 279 plans among North Dakota employers on file, and the 1,283rd of 11,911 in health care & social assistance. In 2022, employees put in $3.85 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$80,960,693
Participants with balances495
Active participants335
Employer contributions$503,623
Employee contributions$1,939,915
Employer contribution per active participant$1,503
Average account balance$163,557
Benefits paid to participants$10,271,729
Plan auditUnmodified (clean) audit opinion
AuditorBRADY MARTZ
Plan history2
Yearassets · accounts · employer contribution
2023$4K
2022$81.0M · 495 accts · $504K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$94,003
Investment management$75,000
Total administrative$169,003
The Mid Dakota Clinic, P.C. 401(k) match · 2022
Employer contribution per active participant$1,503
Median for plans this size$3,449

Mid Dakota Clinic, P.C.'s 2022 employer contribution ran below the $3,449 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$616,216 · 1.52%
2022$169,003 · 0.18%
Same employer
Similar plansHealth Care & Social Assistance · North Dakota
Sanford ND$3.6B · 0.05%
Altru Health System ND$488.6M · 0.06%
Trinity Health ND$407.3M · 0.07%
St. Alexius Medical Center ND$164.9M · 0.17%
Valley Senior Living ND$34.4M · 0.41%
Dakota Eye Institute, PC ND$30.7M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450311334 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.