Plan Ledger DOL Form 5500 · updated monthly

St. Alexius Medical Center403(b)

THE 403(B) THRIFT PLAN OF ST. ALEXIUS MEDICAL CENTER AND GARRISON MEMORIAL HOSPITAL · BISMARCK, ND · plan year 2023

Reported admin expense ratio · 2023
0.17%

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

St. Alexius Medical Center reported $281,397 in plan administrative expenses for 2023: 0.17% of average plan assets, above the peer median. Employer contributions averaged $3,097 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 0.15% to 0.17%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 23rd-largest of 279 plans among North Dakota employers on file, and the 737th of 11,911 in health care & social assistance. In 2023, employees put in $1.41 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$164,918,093
Participants with balances2,193
Active participants1,405
Employer contributions$4,351,686
Employee contributions$6,125,477
Employer contribution per active participant$3,097
Average account balance$75,202
Benefits paid to participants$30,088,844
Plan auditUnmodified (clean) audit opinion
AuditorBRADY MARTZ & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$164.9M · 2,193 accts · $4.4M emplr
2022$160.3M · 1,900 accts · $4.7M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$107,226
Investment management$91,924
Total administrative$281,397
Employer contributions to the St. Alexius Medical Center plan · 2023
Employer contribution per active participant$3,097
Median for plans this size$3,659
2023$3,097 per active participant
2022$3,151 per active participant

St. Alexius Medical Center's 2023 employer contribution ran below the $3,659 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
NFP RETIREMENT, INC.$91,924
BRADY MARTZ & ASSOCIATES · Accounting / audit$16,375

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

Administrative cost history3
2024Not separately reported
2023$281,397 · 0.17%
2022$277,877 · 0.15%
Same employer
Similar plansHealth Care & Social Assistance · North Dakota
Sanford ND$3.6B · 0.05%
Altru Health System ND$488.6M · 0.06%
Trinity Health ND$407.3M · 0.07%
Mid Dakota Clinic, P.C. ND$81.0M · 0.18%
Valley Senior Living ND$34.4M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450226711 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.