Plan Ledger DOL Form 5500 · updated monthly

St Francis Health Services of Morris Inc.Profit-sharing plan

ST. FRANCIS HEALTH SERVICES OF MORRIS EMPLOYEES RETIREMENT PLAN · MORRIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

St Francis Health Services of Morris Inc. reported $71,793 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $1,686 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 2 years on file its reported administrative ratio rose from 0.01% to 0.20%. 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 the 587th-largest of 1,918 plans among Minnesota employers on file, and the 2,295th of 11,911 in health care & social assistance. active participation has grown from 1,277 to 1,416 since 2022.

Plan summary
Net assets, end of year$38,722,793
Participants with balances1,706
Active participants1,416
Employer contributions$2,387,394
Employee contributions$0
Employer contribution per active participant$1,686
Average account balance$22,698
Benefits paid to participants$3,311,199
Plan auditUnmodified (clean) audit opinion
AuditorMICHAEL L ANDERSON & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$38.7M · 1,706 accts · $2.4M emplr
2023$34.6M · 1,499 accts · $2.0M emplr
2022$30.4M · 1,627 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$47,115
Investment management$24,678
Total administrative$71,793
Employer contributions to the St Francis Health Services of Morris Inc. plan · 2024
Employer contribution per active participant$1,686
Median for plans this size$2,416
2024$1,686 per active participant
2023$1,475 per active participant
2022$1,411 per active participant

St Francis Health Services of Morris Inc.'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
AMERICAN UNITED LIFE INSURANCE CO · Recordkeeping · Participant communication$47,115
FRANCIS LLC · Investment managementindirect comp

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

Recordkeeper by year2
2024OneAmerica
2023OneAmerica

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

Administrative cost history3
2024$71,793 · 0.20%
2023$3,560 · 0.01%
2022$3,850 · 0.01%
All plans at this employer2
ST. FRANCIS HEALTH SERVICES OF MORRIS EMPLOYEES RETIREMENT PLANProfit-sharing plan
ST. FRANCIS HEALTH SERVICES OF MORRIS TAX DEFERRED ANNUITY PLAN403(b)
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Genevive MN$41.3M · 0.23%
Westfields Hospital MN$40.8M · 0.07%
Prairiecare, LLC MN$40.7M · 0.53%
Twin Cities Spine Center MN$39.5M · 0.09%
Stellis Health, P.A. MN$38.2M · 0.14%
Alexandria Clinic, P.A. MN$36.6M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411484416 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.