Plan Ledger DOL Form 5500 · updated monthly

Supportive Living Solutions401(k)

SUPPORTIVE LIVING SOLUTIONS 401(K) PLAN · ST. PAUL, MN · plan year 2024

Reported admin expense ratio · 2024
1.03%

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

Supportive Living Solutions reported $29,118 in plan administrative expenses for 2024: 1.03% of average plan assets, higher than ~75% of peers. Employer contributions averaged $156 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 4 years on file its reported administrative ratio has held roughly steady near 1.03%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Minnesota (1,718th of 1,918), and 9,189th of 11,911 in health care & social assistance. In 2024, employees put in $11.78 for every $1.00 the employer contributed; active participation has grown from 132 to 171 since 2021.

Plan summary
Net assets, end of year$3,096,959
Participants with balances233
Active participants171
Employer contributions$26,732
Employee contributions$314,912
Employer contribution per active participant$156
Average account balance$13,292
Benefits paid to participants$193,826
Plan auditUnmodified (clean) audit opinion
AuditorBARNES DENNIG & CO, LTD.
Plan history4
Yearassets · accounts · employer contribution
2024$3.1M · 233 accts · $27K emplr
2023$2.6M · 214 accts · $104K emplr
2022$2.0M · 209 accts · $92K emplr
2021$2.3M · 187 accts · $108K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,321
Investment management$13,797
Total administrative$29,118
The Supportive Living Solutions 401(k) match · 2024
Employer contribution per active participant$156
Median for plans this size$1,313
2024$156 per active participant
2023$678 per active participant
2022$609 per active participant
2021$819 per active participant

Supportive Living Solutions's 2024 employer contribution ran below the $1,313 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
JOHN HANCOCK · Recordkeeping$16,197
NORTHWESTERN MUTUAL FINANCIAL NETWO · Investment advisory (plan)$13,756

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history4
2024$29,118 · 1.03%
2023$22,602 · 0.99%
2022$20,642 · 0.95%
2021$22,576 · 1.04%
Similar plansHealth Care & Social Assistance · Minnesota
Park Avenue Center, Inc. MN$3.2M · 0.80%
Vail Place MN$2.9M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 412011528 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.