Plan Ledger DOL Form 5500 · updated monthly

Mid-Minnesota Legal Assistance403(b)

MID-MINNESOTA LEGAL ASSISTANCE 403(B) RETIREMENT PLAN · MINNEAPOLIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Mid-Minnesota Legal Assistance reported $82,723 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $2,494 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 has held roughly steady near 0.42%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 857th-largest of 1,918 plans among Minnesota employers on file, and the 997th of 3,341 in other services. In 2024, employees put in $2.87 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,620,848
Participants with balances265
Active participants175
Employer contributions$436,445
Employee contributions$1,254,156
Employer contribution per active participant$2,494
Average account balance$81,588
Benefits paid to participants$563,110
Plan auditDisclaimer of opinion
AuditorHARRINGTON LANGER & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$21.6M · 265 accts · $436K emplr
2023$18.0M · 260 accts · $380K emplr
2022$16.4M · 270 accts · $341K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,020
Investment management$57,218
Trustee / custodial$8,485
Total administrative$82,723
Employer contributions to the Mid-Minnesota Legal Assistance plan · 2024
Employer contribution per active participant$2,494
Median for plans this size$2,416
2024$2,494 per active participant
2023$2,234 per active participant
2022$2,031 per active participant

Mid-Minnesota Legal Assistance's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
PENSERV PLAN SERVICES, INC. · Recordkeeping$17,020
EFS ADVISORS · Investment advisory (participants) · Investment advisory (plan)$56,995
MG TRUST COMPANY LLC · Custodial (securities)$8,485

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

Recordkeeper by year2
2024PENSERV PLAN SERVICES, INC.
2023PENSERV PLAN SERVICES, INC.

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$82,723 · 0.42%
2023$76,756 · 0.45%
2022$80,311 · 0.41%
Same employer
Similar plansOther Services · Minnesota
Canvas Health Inc MN$17.8M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411412710 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.