Plan Ledger DOL Form 5500 · updated monthly

Northland Healthcare Alliance401(k)

NORTHLAND HEALTHCARE ALLIANCE 401(K) PLAN · BISMARCK, ND · plan year 2023

Reported admin expense ratio · 2023
1.02%

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

Northland Healthcare Alliance reported $31,902 in plan administrative expenses for 2023: 1.02% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,854 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 0.94% to 1.02%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in North Dakota (249th of 279), and 2,561st of 3,341 in other services. In 2023, employees put in $2.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,491,626
Participants with balances98
Active participants62
Employer contributions$114,954
Employee contributions$250,733
Employer contribution per active participant$1,854
Average account balance$35,629
Benefits paid to participants$113,442
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$3.5M · 98 accts · $115K emplr
2022$2.7M · 102 accts · $92K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$15,753
Investment management$16,149
Total administrative$31,902
The Northland Healthcare Alliance 401(k) match · 2023
Employer contribution per active participant$1,854
Median for plans this size$1,308
2023$1,854 per active participant
2022$1,744 per active participant

Northland Healthcare Alliance's 2023 employer contribution ran above 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 · 20233
JOHN HANCOCK LIFE INSURANCE CO. · Recordkeeping · Investment management$289
EIDE BAILLY ADVISORS LLC · Investment advisory (participants)$15,528
WILSHIRE ASSOCIATES INC · Investment advisory (participants)$621

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

Administrative cost history2
2023$31,902 · 1.02%
2022$28,899 · 0.94%
Similar plansOther Services · North Dakota
Pride Inc. ND$22.8M · 0.61%
Open Door Center ND$22.8M · 0.24%
The Now Parent LLC CA$3.5M · 1.08%
Chicago Urban League IL$3.5M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911845296 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.