Plan Ledger DOL Form 5500 · updated monthly

Southdale Pediatric Associates, LTD.401(k)

SOUTHDALE PEDIATRIC ASSOCIATES, LTD. 401(K) PLAN · EDINA, MN · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Southdale Pediatric Associates, LTD. reported $145,954 in plan administrative expenses for 2024: 0.23% of average plan assets, above the peer median. Employer contributions averaged $13,745 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 0.23%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 398th-largest of 1,918 plans among Minnesota employers on file, and the 1,502nd of 11,911 in health care & social assistance. In 2024, the employer put in $1.39 for every $1.00 employees contributed themselves; active participation has grown from 135 to 152 since 2022.

Plan summary
Net assets, end of year$65,992,711
Participants with balances205
Active participants152
Employer contributions$2,089,276
Employee contributions$1,505,290
Employer contribution per active participant$13,745
Average account balance$321,916
Benefits paid to participants$10,034,929
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$66.0M · 205 accts · $2.1M emplr
2023$63.5M · 223 accts · $2.0M emplr
2022$57.1M · 198 accts · $1.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$109,961
Investment management$17,843
Audit (IQPA)$17,250
Total administrative$145,954
The Southdale Pediatric Associates, LTD. 401(k) match · 2024
Employer contribution per active participant$13,745
Median for plans this size$3,635
2024$13,745 per active participant
2023$14,172 per active participant
2022$14,011 per active participant

Southdale Pediatric Associates, LTD.'s 2024 employer contribution ran above the $3,635 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 · 20243
BOYUM BARENSCHEER CPA · Accounting / audit$17,250
TAX SHELTERED COMPENSATION · Contract administrator$13,000
RBC CAPITAL MARKETS LLC · Investment advisory (plan)indirect comp

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

Administrative cost history3
2024$145,954 · 0.23%
2023$138,441 · 0.23%
2022$142,391 · 0.22%
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Ecumen MN$69.1M · 0.23%
Ebenezer Society MN$64.4M · 0.25%
Physician's Endoscopy, LLC MN$62.9M · 0.05%
Dungarvin Group, Inc. MN$56.4M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410962307 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.