Reverence for Life & Concern for People, Inc.401(k)
REVERENCE FOR LIFE & CONCERN FOR PEOPLE, INC. 401(K) PROFIT SHARING PLAN · GRANITE FALLS, MN · plan year 2022
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
Reverence for Life & Concern for People, Inc. reported $17,890 in plan administrative expenses for 2022: 0.40% of average plan assets, below the peer median. Employer contributions averaged $2,609 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 3 years on file its reported administrative ratio has held roughly steady near 0.41%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Minnesota (1,612th of 1,918), and 8,072nd of 11,911 in health care & social assistance. In 2022, the employer put in $1.09 for every $1.00 employees contributed themselves.
Reverence for Life & Concern for People, Inc.'s 2022 employer contribution ran above the $1,114 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 410969859 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.