Plan Ledger DOL Form 5500 · updated monthly

Minnesota Valley Action Council401(k)

MINNESOTA VALLEY ACTION COUNCIL 401K PLAN · MANKATO, MN · plan year 2022

Reported admin expense ratio · 2022
0.82%

Minnesota Valley Action Council reported $14,587 in plan administrative expenses for 2022: 0.82% of average plan assets, higher than ~75% of peers. 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Minnesota (1,806th of 1,918), and 10,266th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$1,734,439
Participants with balances75
Active participants249
Employer contributions—
Employee contributions$234,743
Employer contribution per active participant—
Average account balance$23,126
Benefits paid to participants$54,934
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2022
Investment management$14,587
Total administrative$14,587
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$14,587 · 0.82%
Similar plansHealth Care & Social Assistance · Minnesota
Phyxius, Inc. MN$1.8M · 1.32%
Opportunity Matters, Inc. MN$1.8M · 0.94%
Tealwood Management, LLC MN$1.7M · 0.98%
River Oaks of Minnesota MN$1.5M · 1.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 416050353 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.