Plan Ledger DOL Form 5500 · updated monthly

Minneapolis Radiology Associates, LTD.401(k)

MINNEAPOLIS RADIOLOGY ASSOCIATES, LTD. 401(K) PROFIT SHARING PLAN · PLYMOUTH, MN · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Minneapolis Radiology Associates, LTD. reported $26,976 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $15,714 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 rose from 0.03% to 0.04%. 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 397th-largest of 1,918 plans among Minnesota employers on file, and the 1,501st of 11,911 in health care & social assistance. In 2024, the employer put in $1.36 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$66,010,200
Participants with balances162
Active participants119
Employer contributions$1,869,909
Employee contributions$1,379,746
Employer contribution per active participant$15,714
Average account balance$407,470
Benefits paid to participants$5,483,310
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$66.0M · 162 accts · $1.9M emplr
2023$54.3M · 157 accts · $1.7M emplr
2022$44.7M · 149 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Investment management$26,976
Total administrative$26,976
The Minneapolis Radiology Associates, LTD. 401(k) match · 2024
Employer contribution per active participant$15,714
Median for plans this size$3,635
2024$15,714 per active participant
2023$15,125 per active participant
2022$14,075 per active participant

Minneapolis Radiology Associates, LTD.'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
EMPOWER ADVISORY GROUP, LLC · Investment management$26,976

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$26,976 · 0.04%
2023$21,792 · 0.04%
2022$16,766 · 0.03%
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Rvo Health, LLC MN$69.2M · 0.11%
Ecumen MN$69.1M · 0.23%
Ebenezer Society MN$64.4M · 0.25%
Physician's Endoscopy, LLC MN$62.9M · 0.05%
Dungarvin Group, Inc. MN$56.4M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410960371 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.