Plan Ledger DOL Form 5500 · updated monthly

Minnesota Epilepsy Group, PA401(k)

THE MINNESOTA EPILEPSY GROUP, P.A. 401(K) PROFIT SHARING PLAN · ROSEVILLE, MN · plan year 2024

Reported admin expense ratio · 2024
0.69%

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

Minnesota Epilepsy Group, PA reported $76,394 in plan administrative expenses for 2024: 0.69% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,687 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 0.41% to 0.69%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Minnesota (1,213th of 1,918), and the 5,275th of 11,911 in health care & social assistance. In 2024, employees put in $1.64 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,538,320
Participants with balances227
Active participants146
Employer contributions$538,349
Employee contributions$883,634
Employer contribution per active participant$3,687
Average account balance$50,830
Benefits paid to participants$1,757,356
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.5M · 227 accts · $538K emplr
2023$10.6M · 173 accts · $513K emplr
2022$9.4M · 206 accts · $429K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,510
Investment management$34,559
Audit (IQPA)$17,325
Total administrative$76,394
The Minnesota Epilepsy Group, PA 401(k) match · 2024
Employer contribution per active participant$3,687
Median for plans this size$2,416
2024$3,687 per active participant
2023$3,801 per active participant
2022$3,200 per active participant

Minnesota Epilepsy Group, PA'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
THE FINANCIAL PLANNING CO. · Investment advisory (plan)$34,559
AMERICAN TRUST COMPANY · Trustee (discretionary) · Contract administrator$24,510
CLIFTONLARSONALLEN LLP · Accounting / audit$17,325

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$76,394 · 0.69%
2023$68,844 · 0.69%
2022$39,929 · 0.41%
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Nuway Alliance MN$12.4M · 0.42%
Guild MN$12.1M · 0.04%
Nura, PLLC MN$11.5M · 0.24%
Mary T. Inc. MN$11.4M · 0.91%
Eon, Inc. MN$11.2M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411678253 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.