Plan Ledger DOL Form 5500 · updated monthly

Minneapolis Radiation Oncology Physicians, P.A.401(k)

MINNEAPOLIS RADIATION ONCOLOGY PHYSICIANS, P.A. 401(K) PLAN & TRUST · EDINA, MN · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Minneapolis Radiation Oncology Physicians, P.A. reported $78,902 in plan administrative expenses for 2024: 0.11% of average plan assets, below the peer median. Employer contributions averaged $8,404 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 0.112%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 374th-largest of 1,918 plans among Minnesota employers on file, and the 1,432nd of 11,911 in health care & social assistance. In 2024, employees put in $1.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$70,786,215
Participants with balances209
Active participants176
Employer contributions$1,479,156
Employee contributions$1,772,139
Employer contribution per active participant$8,404
Average account balance$338,690
Benefits paid to participants$8,018,826
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI
Plan history3
Yearassets · accounts · employer contribution
2024$70.8M · 209 accts · $1.5M emplr
2023$69.6M · 204 accts · $1.5M emplr
2022$61.0M · 207 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$58,902
Investment management$20,000
Total administrative$78,902
The Minneapolis Radiation Oncology Physicians, P.A. 401(k) match · 2024
Employer contribution per active participant$8,404
Median for plans this size$3,635
2024$8,404 per active participant
2023$8,563 per active participant
2022$8,167 per active participant

Minneapolis Radiation Oncology Physicians, P.A.'s 2024 employer contribution ran above the $3,635 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
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$58,902
ALERUS INVESTMENT ADVISORS, INC. · Investment advisory (participants) · Investment advisory (plan)$20,000

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

Recordkeeper by year2
2024Alerus
2023Alerus

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Administrative cost history3
2024$78,902 · 0.11%
2023$75,405 · 0.12%
2022$69,066 · 0.11%
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Lakewood Health System MN$78.4M · 0.24%
Rvo Health, LLC MN$69.2M · 0.11%
Ecumen MN$69.1M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411574985 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.