Plan Ledger DOL Form 5500 · updated monthly

Sakakawea Medical Center401(k)

HAZEN MEMORIAL HOSPITAL ASSOCIATION 401(K) RETIREMENT PLAN · HAZEN, ND · plan year 2024

Reported admin expense ratio · 2024
0.73%

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

Sakakawea Medical Center reported $94,374 in plan administrative expenses for 2024: 0.73% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,088 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 0.73%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in North Dakota (147th of 279), and the 4,727th of 11,911 in health care & social assistance. In 2024, employees put in $2.43 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,819,950
Participants with balances152
Active participants123
Employer contributions$256,828
Employee contributions$623,659
Employer contribution per active participant$2,088
Average account balance$90,921
Benefits paid to participants$703,481
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.8M · 152 accts · $257K emplr
2023$12.0M · 154 accts · $240K emplr
2022$9.9M · 157 accts · $245K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,649
Investment management$84,311
Trustee / custodial$4,989
Total administrative$94,374
The Sakakawea Medical Center 401(k) match · 2024
Employer contribution per active participant$2,088
Median for plans this size$2,416
2024$2,088 per active participant
2023$1,751 per active participant
2022$1,887 per active participant

Sakakawea Medical Center's 2024 employer contribution ran below the $2,416 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 · 20242
BRAVERA WEALTH · Trustee · Recordkeeping$56,421
PLANNINGTEAM, INC. · Investment advisory (participants) · Investment advisory (plan)$37,528

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

Recordkeeper by year2
2024BRAVERA WEALTH
2023BRAVERA WEALTH

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

Administrative cost history3
2024$94,374 · 0.73%
2023$80,161 · 0.73%
2022$83,714 · 0.76%
Similar plansHealth Care & Social Assistance · North Dakota
Development Homes, Inc. ND$14.5M · 0.50%
Bethany Retirement Living ND$13.3M · 0.62%
Able, Inc. ND$13.1M · 0.13%
Unity Medical Center ND$11.7M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450308379 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.