Plan Ledger DOL Form 5500 · updated monthly

Park Nicollet Health Services401(k)

PARK NICOLLET HEALTH SERVICES 401K RETIREMENT SAVINGS PLAN · ST. LOUIS PARK, MN · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Park Nicollet Health Services reported $596,560 in plan administrative expenses for 2024: 0.03% of average plan assets, below the peer median. Employer contributions averaged $6,156 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 0.031% to 0.029%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 21st-largest of 1,918 plans among Minnesota employers on file, and the 77th of 11,911 in health care & social assistance. In 2024, employees put in $1.38 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,229,328,621
Participants with balances10,982
Active participants8,313
Employer contributions$51,176,007
Employee contributions$70,725,534
Employer contribution per active participant$6,156
Average account balance$202,998
Benefits paid to participants$147,647,536
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.2B · 10,982 accts · $51.2M emplr
2023$1.9B · 11,026 accts · $45.7M emplr
2022$1.6B · 10,535 accts · $41.9M emplr
The Park Nicollet Health Services 401(k) match · 2024
Employer contribution per active participant$6,156
Median for plans this size$5,259
2024$6,156 per active participant
2023$5,471 per active participant
2022$5,363 per active participant

Park Nicollet Health Services's 2024 employer contribution ran above the $5,259 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
FIDELITY INVESTMENTS INST OPER · Loan processing$545,237
PAVILION ADVISORY GROUP,INC · Investment advisory (plan)$36,833
CLIFTONLARSONALLEN LLP · Accounting / audit$14,490

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$596,560 · 0.03%
2023$595,357 · 0.03%
2022$555,937 · 0.03%
All plans at this employer2
PARK NICOLLET HEALTH SERVICES 401K RETIREMENT SAVINGS PLAN401(k)
PARK NICOLLET HEALTH SERVICES 403(B) RETIREMENT SAVINGS PLAN403(b)
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Allina Health System MN$3.5B · 0.08%
Fairview Health Services MN$3.3B · 0.06%
Group Health Plan, Inc. MN$2.6B · 0.02%
Essentia Health MN$2.2B · 0.06%
Atrius Mso, LLC MN$1.6B · 0.02%
Centracare Health System MN$1.2B · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363465840 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.