Plan Ledger DOL Form 5500 · updated monthly

Senior Care Communities, LLC403(b)

SENIOR CARE COMMUNITIES 403(B)(7)PLAN · ST. LOUIS PARK, MN · plan year 2023

Reported admin expense ratio · 2023
0.70%

Senior Care Communities, LLC reported $27,099 in plan administrative expenses for 2023: 0.70% of average plan assets, above the peer median. 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 fell from 0.74% to 0.70%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Minnesota (1,656th of 1,918), and 8,535th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$4,027,363
Participants with balances127
Active participants399
Employer contributions—
Employee contributions$286,709
Employer contribution per active participant—
Average account balance$31,712
Benefits paid to participants$552,670
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$4.0M · 127 accts
2022$3.7M · 150 accts
Administrative expenses, itemized · 2023
Investment management$15,112
Trustee / custodial$11,987
Total administrative$27,099
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$11,987
PALISADE ASSET MANAGEMENT, LLC. · Investment advisory (plan)$15,112

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

Administrative cost history2
2023$27,099 · 0.70%
2022$32,134 · 0.74%
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Options Minnesota, Inc. MN$4.1M · 1.63%
Mdm Rubicon, Inc. MN$3.7M · 0.80%
Opal Services, Inc. MN$3.7M · 0.65%

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Source: U.S. Department of Labor, Form 5500 series, EIN 650639567 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.