Plan Ledger DOL Form 5500 · updated monthly

Smdc Medical Center403(b)

MILLER-DWAN MEDICAL CENTER, INC. TAX-SHELTERED ANNUITY/403(B) PLAN · DULUTH, MN · plan year 2023

Reported admin expense ratio · 2023
0.02%

Smdc Medical Center reported $977 in plan administrative expenses for 2023: 0.02% of average plan assets, lower than ~75% of peers. 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 rose from 0.01% to 0.02%. 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 (1,513th of 1,918), and 7,355th of 11,911 in health care & social assistance. active participation has shrunk from 79 to 67 since 2022.

Plan summary
Net assets, end of year$5,985,033
Participants with balances130
Active participants67
Employer contributions—
Employee contributions—
Employer contribution per active participant—
Average account balance$46,039
Benefits paid to participants$711,676
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.9M · 116 accts
2023$6.0M · 130 accts
2022$5.7M · 137 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$777
Total administrative$977
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.

Administrative cost history3
2024$1,015 · 0.02%
2023$977 · 0.02%
2022$325 · 0.01%
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Samaritan Bethany, Inc. MN$5.8M · 0.69%
Touchstone Mental Health MN$5.8M · 1.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411878730 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.