Plan Ledger DOL Form 5500 · updated monthly

Northwood Children's Home Society, Inc.403(b)

NORTHWOOD CHILDREN'S HOME SOCIETY, INC. 403(B) TAX SHELTERED ANNUITY PLAN · DULUTH, MN · plan year 2024

Reported admin expense ratio · 2024
0.66%

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

Northwood Children's Home Society, Inc. reported $78,691 in plan administrative expenses for 2024: 0.66% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,967 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 0.66%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Minnesota (1,172nd of 1,918), and the 1,453rd of 3,341 in other services. In 2024, the employer put in $1.01 for every $1.00 employees contributed themselves; active participation has grown from 216 to 240 since 2022.

Plan summary
Net assets, end of year$12,498,206
Participants with balances273
Active participants240
Employer contributions$471,974
Employee contributions$465,113
Employer contribution per active participant$1,967
Average account balance$45,781
Benefits paid to participants$1,095,486
Plan auditUnmodified (clean) audit opinion
AuditorESTERBROOKS CERTIFIED PUBLIC ACCOUN
Plan history3
Yearassets · accounts · employer contribution
2024$12.5M · 273 accts · $472K emplr
2023$11.5M · 253 accts · $452K emplr
2022$10.6M · 264 accts · $412K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$78,691
Total administrative$78,691
Employer contributions to the Northwood Children's Home Society, Inc. plan · 2024
Employer contribution per active participant$1,967
Median for plans this size$2,416
2024$1,967 per active participant
2023$2,018 per active participant
2022$1,905 per active participant

Northwood Children's Home Society, Inc.'s 2024 employer contribution ran below 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$78,690
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$78,691 · 0.66%
2023$73,717 · 0.67%
2022$75,906 · 0.65%
Same employer
Similar plansOther Services · Minnesota
Drcc, Inc. MN$13.9M · 0.58%
Viking Client Services, LLC MN$12.8M · 0.43%
City Auto Glass, Inc. MN$12.8M · 0.18%
Trellis MN$11.8M · 0.01%
Rocco Altobelli, Inc. MN$11.1M · 0.87%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410706108 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.