Plan Ledger DOL Form 5500 · updated monthly

Partners Senior Living Options, LLC401(k)

PARTNERS SENIOR LIVING OPTIONS EMPLOYEE RETIREMENT PLAN · ROYALTON, MN · plan year 2024

Reported admin expense ratio · 2024
0.55%

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

Partners Senior Living Options, LLC reported $28,308 in plan administrative expenses for 2024: 0.55% of average plan assets, above the peer median. Employer contributions averaged $774 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 0.60% to 0.55%. 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 (1,545th of 1,918), and 7,575th of 11,911 in health care & social assistance. In 2024, employees put in $1.82 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,616,445
Participants with balances152
Active participants349
Employer contributions$270,260
Employee contributions$492,639
Employer contribution per active participant$774
Average account balance$36,950
Benefits paid to participants$365,579
Plan auditUnmodified (clean) audit opinion
AuditorSCHLENNER WENNER & CO
Plan history3
Yearassets · accounts · employer contribution
2024$5.6M · 152 accts · $270K emplr
2023$4.7M · 154 accts · $243K emplr
2022$3.6M · 158 accts · $213K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,308
Total administrative$28,308
The Partners Senior Living Options, LLC 401(k) match · 2024
Employer contribution per active participant$774
Median for plans this size$1,313
2024$774 per active participant
2023$675 per active participant
2022$552 per active participant

Partners Senior Living Options, LLC's 2024 employer contribution ran below 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 · 20241
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$1,794

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$28,308 · 0.55%
2023$26,346 · 0.63%
2022$22,231 · 0.60%
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Touchstone Mental Health MN$5.8M · 1.09%
Think Small MN$5.5M · 0.76%
Pioneer Home, Inc. MN$5.5M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 263573437 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.