Plan Ledger DOL Form 5500 · updated monthly

Nice Healthcare Management Company401(k)

NICE HEALTHCARE 401(K) PLAN · ROSEVILLE, MN · plan year 2024

Reported admin expense ratio · 2024
0.55%

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

Nice Healthcare Management Company reported $30,578 in plan administrative expenses for 2024: 0.55% of average plan assets, above the peer median. Employer contributions averaged $3,277 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 0.48% to 0.55%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Minnesota (1,488th of 1,918), and 7,204th of 11,911 in health care & social assistance. In 2024, employees put in $1.75 for every $1.00 the employer contributed; active participation has shrunk from 183 to 134 since 2022.

Plan summary
Net assets, end of year$6,290,375
Participants with balances213
Active participants134
Employer contributions$439,103
Employee contributions$767,523
Employer contribution per active participant$3,277
Average account balance$29,532
Benefits paid to participants$832,913
Plan auditUnmodified (clean) audit opinion
AuditorOLSEN, THIELEN & CO., LTD
Plan history3
Yearassets · accounts · employer contribution
2024$6.3M · 213 accts · $439K emplr
2023$4.9M · 218 accts · $538K emplr
2022$3.1M · 216 accts · $710K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,330
Investment management$27,248
Total administrative$30,578
The Nice Healthcare Management Company 401(k) match · 2024
Employer contribution per active participant$3,277
Median for plans this size$1,313
2024$3,277 per active participant
2023$3,842 per active participant
2022$3,880 per active participant

Nice Healthcare Management Company's 2024 employer contribution ran above the $1,313 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
THE VANGUARD GROUP, INC. · Loan processing · Recordkeeping$3,330
USI ADVISORS INC · Investment advisory (plan)$27,248

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$30,578 · 0.55%
2023$22,866 · 0.58%
2022$10,925 · 0.48%
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Wingspan Life Resources MN$6.5M · 0.14%
Our Lady of Peace MN$6.3M · 0.69%
Minnesota Womens Care PA MN$6.0M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 825347998 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.