Plan Ledger DOL Form 5500 · updated monthly

Moravian Care Ministries dba Auburn Homes & Services403(b)

MORAVIAN CARE EMPLOYEE RETIREMENT PLAN · CHASKA, MN · plan year 2023

Reported admin expense ratio · 2023
1.52%

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

Moravian Care Ministries dba Auburn Homes & Services reported $71,843 in plan administrative expenses for 2023: 1.52% of average plan assets, higher than ~90% of peers. Employer contributions averaged $742 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 1 year on file its reported administrative ratio rose from 1.08% to 1.52%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Minnesota (1,576th of 1,918), and 7,821st of 11,911 in health care & social assistance. In 2023, employees put in $1.71 for every $1.00 the employer contributed; active participation has shrunk from 412 to 303 since 2022.

Plan summary
Net assets, end of year$5,157,766
Participants with balances506
Active participants303
Employer contributions$224,744
Employee contributions$385,051
Employer contribution per active participant$742
Average account balance$10,193
Benefits paid to participants$621,009
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$5.2M · 506 accts · $225K emplr
2022$4.3M · 709 accts · $215K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$71,843
Total administrative$71,843
Employer contributions to the Moravian Care Ministries dba Auburn Homes & Services plan · 2023
Employer contribution per active participant$742
Median for plans this size$1,308
2023$742 per active participant
2022$522 per active participant

Moravian Care Ministries dba Auburn Homes & Services's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20235
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$23,885
TAX SHELTERED COMPENSATION, INC. · Contract administrator$10,426
NFP RETIREMENT, INC. · Accounting / audit$9,114
RELIANCE TRUST · Custodial (securities)indirect comp
VARIABLE ANNUITY LIFE INSURANCE CO. · Custodial (securities) · Investment advisory (participants)indirect comp

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

Recordkeeper by year2
2024The Standard
2023The Standard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024Not separately reported
2023$71,843 · 1.52%
2022$54,226 · 1.08%
Similar plansHealth Care & Social Assistance · Minnesota
New Challenges, Inc. MN$5.2M · 1.04%
Semcac MN$5.0M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411771225 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.