Plan Ledger DOL Form 5500 · updated monthly

Saint Paul & Minnesota Foundation401(k)

SAINT PAUL & MINNESOTA FOUNDATION RETIREMENT & SAVINGS PLAN · SAINT PAUL, MN · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Saint Paul & Minnesota Foundation reported $26,807 in plan administrative expenses for 2024: 0.14% of average plan assets, below the peer median. Employer contributions averaged $10,912 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 1 year on file its reported administrative ratio rose from 0.12% to 0.14%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 873rd-largest of 1,918 plans among Minnesota employers on file, and the 1,035th of 3,341 in other services. In 2024, employees put in $1.05 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,643,095
Participants with balances121
Active participants75
Employer contributions$818,389
Employee contributions$860,330
Employer contribution per active participant$10,912
Average account balance$170,604
Benefits paid to participants$2,009,556
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$20.6M · 121 accts · $818K emplr
2023$18.1M · 120 accts · $694K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,244
Investment management$2,563
Total administrative$26,807
The Saint Paul & Minnesota Foundation 401(k) match · 2024
Employer contribution per active participant$10,912
Median for plans this size$2,416
2024$10,912 per active participant
2023$9,384 per active participant

Saint Paul & Minnesota Foundation's 2024 employer contribution ran above the $2,416 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$24,244

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

Administrative cost history2
2024$26,807 · 0.14%
2023$19,967 · 0.12%
Similar plansOther Services · Minnesota
Canvas Health Inc MN$17.8M · 0.36%
Identisys Incorporated MN$15.9M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 416031510 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.