Plan Ledger DOL Form 5500 · updated monthly

Stevens Community Medical Center403(b)

STEVENS COMMUNITY MEDICAL CENTER 403(B) PLAN · MORRIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Stevens Community Medical Center reported $79,702 in plan administrative expenses for 2024: 0.29% of average plan assets, above the peer median. Employer contributions averaged $966 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 0.29%. 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 722nd-largest of 1,918 plans among Minnesota employers on file, and the 2,906th of 11,911 in health care & social assistance. In 2024, employees put in $4.57 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$28,193,569
Participants with balances286
Active participants295
Employer contributions$285,106
Employee contributions$1,303,133
Employer contribution per active participant$966
Average account balance$98,579
Benefits paid to participants$3,790,533
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.2M · 286 accts · $285K emplr
2023$26.1M · 266 accts · $296K emplr
2022$22.6M · 242 accts · $275K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,367
Investment management$52,157
Trustee / custodial$25,178
Total administrative$79,702
Employer contributions to the Stevens Community Medical Center plan · 2024
Employer contribution per active participant$966
Median for plans this size$2,416
2024$966 per active participant
2023$1,146 per active participant
2022$1,002 per active participant

Stevens Community Medical Center's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20242
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$27,545
ADVISOR'S PRIDE$52,157

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

Recordkeeper by year2
2024Alerus, John Hancock
2023Alerus, John Hancock

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

Administrative cost history3
2024$79,702 · 0.29%
2023$67,756 · 0.28%
2022$76,193 · 0.30%
All plans at this employer2
STEVENS COMMUNITY MEDICAL CENTER MONEY PURCHASE PENSION PLANMoney purchase plan
STEVENS COMMUNITY MEDICAL CENTER 403(B) PLAN403(b)
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Saint Therese MN$29.5M · 0.54%
Mille Lacs Health System MN$29.1M · 0.42%
Lifespark Group, LLC MN$27.7M · 0.84%
Welia Health MN$26.6M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363311936 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.