Plan Ledger DOL Form 5500 · updated monthly

Midwest Radiology, P.A.401(k)

MIDWEST RADIOLOGY P.A. PROFIT SHARING PLAN · ROSEVILLE, MN · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Midwest Radiology, P.A. reported $38,040 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $22,325 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 2 years on file its reported administrative ratio fell from 0.02% to 0.01%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 124th-largest of 1,918 plans among Minnesota employers on file, and the 488th of 11,911 in health care & social assistance. In 2024, the employer put in $1.45 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$300,280,944
Participants with balances557
Active participants395
Employer contributions$8,818,478
Employee contributions$6,082,694
Employer contribution per active participant$22,325
Average account balance$539,104
Benefits paid to participants$29,114,169
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$300.3M · 557 accts · $8.8M emplr
2023$275.3M · 560 accts · $7.9M emplr
2022$232.5M · 561 accts · $7.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,812
Investment management$35,228
Total administrative$38,040
The Midwest Radiology, P.A. 401(k) match · 2024
Employer contribution per active participant$22,325
Median for plans this size$4,294
2024$22,325 per active participant
2023$20,577 per active participant
2022$19,838 per active participant

Midwest Radiology, P.A.'s 2024 employer contribution ran above the $4,294 median for plans its size, placing it in the top 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
EDELMAN FINANCIAL ENGINES, LLC · Investment advisory (participants)$35,228
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$11,188

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

Administrative cost history3
2024$38,040 · 0.01%
2023$63,309 · 0.02%
2022$55,098 · 0.02%
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Beaver Medical Group, P.C. MN$319.0M · 0.02%
Olmsted Medical Center MN$303.4M · 0.09%
Mngi Digestive Health, P.A. MN$302.6M · 0.07%
The Polyclinic, PLLC MN$291.5M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410916626 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.