Plan Ledger DOL Form 5500 · updated monthly

Premier Health Care Services, LLC dba Hilltop Health Care Center, Inc.401(k)

PREMIER HEALTH CARE SERVICES, LLC 401(K) PLAN · WATKINS, MN · plan year 2024

Reported admin expense ratio · 2024
1.50%

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

Premier Health Care Services, LLC dba Hilltop Health Care Center, Inc. reported $78,342 in plan administrative expenses for 2024: 1.50% of average plan assets, higher than ~90% of peers. Employer contributions averaged $973 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 0.80% to 1.50%. 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 (1,469th of 1,918), and 7,018th of 11,911 in health care & social assistance. In 2024, employees put in $1.87 for every $1.00 the employer contributed; active participation has grown from 226 to 691 since 2022.

Plan summary
Net assets, end of year$6,691,237
Participants with balances376
Active participants691
Employer contributions$672,226
Employee contributions$1,257,305
Employer contribution per active participant$973
Average account balance$17,796
Benefits paid to participants$513,604
Plan auditUnmodified (clean) audit opinion
AuditorMILLER WELLE HEISER & CO LTD.
Plan history3
Yearassets · accounts · employer contribution
2024$6.7M · 376 accts · $672K emplr
2023$3.7M · 367 accts · $337K emplr
2022$2.1M · 181 accts · $203K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,633
Investment management$69,709
Total administrative$78,342
The Premier Health Care Services, LLC dba Hilltop Health Care Center, Inc. 401(k) match · 2024
Employer contribution per active participant$973
Median for plans this size$1,313
2024$973 per active participant
2023$671 per active participant
2022$900 per active participant

Premier Health Care Services, LLC dba Hilltop Health Care Center, Inc.'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 · 20243
TSC 401K · Contract administrator$26,941
EMPOWER ADVISORY GROUP · Investment management$6,309

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$78,342 · 1.50%
2023$33,180 · 1.15%
2022$17,552 · 0.80%
Similar plansHealth Care & Social Assistance · Minnesota
Wingspan Life Resources MN$6.5M · 0.14%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 454531609 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.