Plan Ledger DOL Form 5500 · updated monthly

Northwest Family Physicians, P.A.401(k)

NORTHWEST FAMILY PHYSICIANS, P.A. 401(K) PROFIT SHARING PLAN · CRYSTAL, MN · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Northwest Family Physicians, P.A. reported $36,187 in plan administrative expenses for 2024: 0.21% of average plan assets, below the peer median. Employer contributions averaged $3,243 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 fell from 0.24% to 0.21%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 958th-largest of 1,918 plans among Minnesota employers on file, and the 3,992nd of 11,911 in health care & social assistance. In 2024, employees put in $1.99 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,896,975
Participants with balances137
Active participants87
Employer contributions$282,101
Employee contributions$562,164
Employer contribution per active participant$3,243
Average account balance$130,635
Benefits paid to participants$2,131,117
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.9M · 137 accts · $282K emplr
2023$16.9M · 158 accts
2022$15.9M · 172 accts · $270K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$36,187
Total administrative$36,187
The Northwest Family Physicians, P.A. 401(k) match · 2024
Employer contribution per active participant$3,243
Median for plans this size$2,416
2024$3,243 per active participant
2022$2,906 per active participant

Northwest Family Physicians, P.A.'s 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
THE VANGUARD GROUP, INC. · Recordkeeping$17,008
LPL FINANCIAL RPCP · Investment advisory (plan)$11,793
DWC ERISA CONSULTANTS LLC · Contract administrator$10,705
GREAT VALLEY ADVISOR · Investment advisory (plan)$4,199
TAX SHELTERED COMPENSATION, INC · Investment advisory (plan)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
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$36,187 · 0.21%
2023$35,796 · 0.22%
2022$45,626 · 0.24%
Similar plansHealth Care & Social Assistance · Minnesota
Mobe LLC MN$18.3M · 0.42%
Cerenity Senior Care MN$18.3M · 0.05%
Radias Health MN$18.2M · 0.03%
Second Harvest Heartland MN$17.9M · 0.03%
Ableto, Inc. MN$17.8M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410981766 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.