Plan Ledger DOL Form 5500 · updated monthly

Orion Associates/Meridian Services, Inc.401(k)

ORION ASSOCIATES/MERIDIAN SERVICES, INC. 401(K) RETIREMENT PLAN · GOLDEN VALLEY, MN · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Orion Associates/Meridian Services, Inc. reported $23,552 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $549 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 rose from 0.14% to 0.18%. 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 among the smaller plans on file in Minnesota (1,107th of 1,918), and the 4,678th of 11,911 in health care & social assistance. In 2024, employees put in $3.65 for every $1.00 the employer contributed; active participation has grown from 583 to 682 since 2022.

Plan summary
Net assets, end of year$14,077,781
Participants with balances450
Active participants682
Employer contributions$374,366
Employee contributions$1,365,450
Employer contribution per active participant$549
Average account balance$31,284
Benefits paid to participants$1,721,897
Plan auditUnmodified (clean) audit opinion
AuditorCOPELAND BUHL & COMPANY PLLP
Plan history3
Yearassets · accounts · employer contribution
2024$14.1M · 450 accts · $374K emplr
2023$12.4M · 412 accts · $330K emplr
2022$10.1M · 385 accts · $282K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,552
Total administrative$23,552
The Orion Associates/Meridian Services, Inc. 401(k) match · 2024
Employer contribution per active participant$549
Median for plans this size$2,416
2024$549 per active participant
2023$557 per active participant
2022$484 per active participant

Orion Associates/Meridian Services, Inc.'s 2024 employer contribution ran below the $2,416 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$23,551
WILSHIRE ADVISORS · Investment advisory (plan)indirect comp
PRINCIPAL SECURITIES INC · Other servicesindirect 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$23,552 · 0.18%
2023$25,251 · 0.22%
2022$14,847 · 0.14%
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Mainsl Services, Inc. MN$14.3M · 0.57%
Apple Tree Dental MN$14.3M · 0.42%
Avivo MN$12.9M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200492522 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.