Plan Ledger DOL Form 5500 · updated monthly

Northwood Deaconess Health Center401(k)

NORTHWOOD DEACONESS HEALTH CENTER 401 (K) PLAN · NORTHWOOD, ND · plan year 2024

Reported admin expense ratio · 2024
0.70%

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

Northwood Deaconess Health Center reported $41,819 in plan administrative expenses for 2024: 0.70% of average plan assets, above the peer median. Employer contributions averaged $1,859 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 0.70%. 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 North Dakota (222nd of 279), and 7,118th of 11,911 in health care & social assistance. In 2024, employees put in $1.46 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,458,170
Participants with balances159
Active participants134
Employer contributions$249,134
Employee contributions$363,811
Employer contribution per active participant$1,859
Average account balance$40,617
Benefits paid to participants$280,202
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.5M · 159 accts · $249K emplr
2023$5.5M · 155 accts · $236K emplr
2022$5.3M · 166 accts · $210K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,819
Audit (IQPA)$8,000
Total administrative$41,819
The Northwood Deaconess Health Center 401(k) match · 2024
Employer contribution per active participant$1,859
Median for plans this size$1,313
2024$1,859 per active participant
2023$1,832 per active participant
2022$1,602 per active participant

Northwood Deaconess Health Center's 2024 employer contribution ran above the $1,313 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 · 20242
ALERUS FINANCIAL · Trustee$33,819
BRADY MARTZ & ASSOCIATES · Accounting / audit$8,000

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$41,819 · 0.70%
2023$38,955 · 0.72%
2022$38,764 · 0.68%
Same employer
Similar plansHealth Care & Social Assistance · North Dakota
Heartview Foundation ND$6.6M · 0.84%
Lake Region Corporation ND$6.5M · 0.38%
St Lukes Home ND$5.7M · 0.92%
Luther Memorial Home ND$5.1M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450226472 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.