Plan Ledger DOL Form 5500 · updated monthly

Northwest Respiratory Services, LLC401(k)

NORTHWEST RESPIRATORY SERVICES 401(K) PROFIT SHARING PLAN · EAGAN, MN · plan year 2024

Reported admin expense ratio · 2024
0.78%

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

Northwest Respiratory Services, LLC reported $69,329 in plan administrative expenses for 2024: 0.78% of average plan assets, above the peer median. Employer contributions averaged $598 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 3 years on file its reported administrative ratio has held roughly steady near 0.78%. 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 (1,325th of 1,918), and the 5,832nd of 11,911 in health care & social assistance. In 2024, employees put in $5.72 for every $1.00 the employer contributed; active participation has grown from 217 to 274 since 2022.

Plan summary
Net assets, end of year$9,615,078
Participants with balances323
Active participants274
Employer contributions$163,804
Employee contributions$936,176
Employer contribution per active participant$598
Average account balance$29,768
Benefits paid to participants$780,100
Plan auditUnmodified (clean) audit opinion
AuditorBGM CPA LLC
Plan history3
Yearassets · accounts · employer contribution
2024$9.6M · 323 accts · $164K emplr
2023$8.2M · 294 accts · $154K emplr
2022$7.2M · 265 accts · $166K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$69,329
Total administrative$69,329
The Northwest Respiratory Services, LLC 401(k) match · 2024
Employer contribution per active participant$598
Median for plans this size$1,313
2024$598 per active participant
2023$635 per active participant
2022$765 per active participant

Northwest Respiratory Services, LLC's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$69,328
PRINCIPAL SECURITIES, INC · Other servicesindirect comp
WILSHIRE ADVISORS LLC · 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.

Administrative cost history3
2024$69,329 · 0.78%
2023$63,098 · 0.82%
2022$60,924 · 0.77%
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Homeward Bound, Inc. MN$9.8M · 0.72%
Catholic Eldercare, Inc. MN$9.3M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411940432 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.