Plan Ledger DOL Form 5500 · updated monthly

Premier Obgyn of Minnesota, PLLC401(k)

PREMIER OBGYN OF MINNESOTA, PLLC 401K PROFIT SHARING PLAN · EDINA, MN · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Premier Obgyn of Minnesota, PLLC reported $91,566 in plan administrative expenses for 2024: 0.11% of average plan assets, below the peer median. Employer contributions averaged $12,471 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 0.16% to 0.11%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 313th-largest of 1,918 plans among Minnesota employers on file, and the 1,223rd of 11,911 in health care & social assistance. In 2024, the employer put in $1.57 for every $1.00 employees contributed themselves; active participation has grown from 211 to 249 since 2022.

Plan summary
Net assets, end of year$86,330,989
Participants with balances431
Active participants249
Employer contributions$3,105,253
Employee contributions$1,983,171
Employer contribution per active participant$12,471
Average account balance$200,304
Benefits paid to participants$10,068,292
Plan auditUnmodified (clean) audit opinion
AuditorWILLIAMS OVERMAN PIERCE
Plan history3
Yearassets · accounts · employer contribution
2024$86.3M · 431 accts · $3.1M emplr
2023$81.9M · 419 accts · $2.6M emplr
2022$81.1M · 381 accts · $2.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,163
Investment management$42,000
Trustee / custodial$4,403
Total administrative$91,566
The Premier Obgyn of Minnesota, PLLC 401(k) match · 2024
Employer contribution per active participant$12,471
Median for plans this size$3,635
2024$12,471 per active participant
2023$10,679 per active participant
2022$12,669 per active participant

Premier Obgyn of Minnesota, PLLC's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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
MVP PLAN ADMINISTRATORS, INC. · Contract administrator · Recordkeeping$45,163
ADVANCED CAPITAL GROUP · Investment advisory (participants) · Investment advisory (plan)$42,000
MATRIX TRUST COMPANY · Custodial (securities) · Trustee (directed)$4,403

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

Recordkeeper by year2
2024MVP PLAN ADMINISTRATORS, INC.
2023MVP PLAN ADMINISTRATORS, INC., Milliman

This plan has changed recordkeepers within these filings. If you left Premier Obgyn of Minnesota, PLLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$91,566 · 0.11%
2023$122,418 · 0.15%
2022$147,537 · 0.16%
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Lakeview Clinic, LTD MN$106.1M · 0.30%
Winona Health Services MN$96.7M · 0.17%
Optum Oregon Mso, LLC MN$85.6M · 0.07%
Hutchinson Health MN$82.8M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411236623 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.