Plan Ledger DOL Form 5500 · updated monthly

Minnesota Urology P.A.401(k)

MINNESOTA UROLOGY P. A. 401(K) PROFIT SHARING PLAN · BLOOMINGTON, MN · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Minnesota Urology P.A. reported $216,353 in plan administrative expenses for 2024: 0.41% of average plan assets, higher than ~90% of peers. Employer contributions averaged $8,403 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 0.406%. 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 459th-largest of 1,918 plans among Minnesota employers on file, and the 1,745th of 11,911 in health care & social assistance. In 2024, the employer put in $1.43 for every $1.00 employees contributed themselves; active participation has grown from 203 to 257 since 2022.

Plan summary
Net assets, end of year$54,161,454
Participants with balances440
Active participants257
Employer contributions$2,159,641
Employee contributions$1,508,475
Employer contribution per active participant$8,403
Average account balance$123,094
Benefits paid to participants$8,719,768
Plan auditUnmodified (clean) audit opinion
AuditorDS&B, LTD.
Plan history3
Yearassets · accounts · employer contribution
2024$54.2M · 440 accts · $2.2M emplr
2023$52.5M · 425 accts · $2.0M emplr
2022$47.0M · 404 accts · $1.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$64,045
Investment management$152,308
Total administrative$216,353
The Minnesota Urology P.A. 401(k) match · 2024
Employer contribution per active participant$8,403
Median for plans this size$3,635
2024$8,403 per active participant
2023$9,037 per active participant
2022$9,208 per active participant

Minnesota Urology 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 · 20246
ALERUS FINANCIAL, N.A · Trustee · Loan processing$50,373
ACUMEN FINANCIAL ADVISORS LLC · Securities brokerage$40,462
UBS FINANCIAL SERVICES, INC. · Securities brokerage$39,689
PARATUS WEALTH MANAGEMENT LLC · Securities brokerage$31,287
RBC WEALTH MANAGEMENT · Securities brokerage$19,458
BOULAY FINANCIAL ADVISORS LLC · Securities brokerage$15,162

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$216,353 · 0.41%
2023$220,473 · 0.44%
2022$212,460 · 0.41%
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Physician's Endoscopy, LLC MN$62.9M · 0.05%
Dungarvin Group, Inc. MN$56.4M · 0.50%
St. Paul Eye Clinic, P.A. MN$52.7M · 0.00%
Cirtec Medical Corporation MN$52.1M · 0.43%
Nystrom & Associates, LTD. MN$47.9M · 0.53%
Astera Health MN$46.1M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410960332 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.