What are the fees in the Tealwood Management II, LLC 401(k) plan?

For plan year 2022, Tealwood Management II, LLC reported $3,760 in plan administrative expenses, or 2.79% of average plan assets — higher than ~75% of peers. Fund-level expense ratios are not included in public filings.

What is the average account balance in the Tealwood Management II, LLC 401(k)?

The average participant account balance was $5,645 for plan year 2022, based on 23 accounts.

Tealwood Management II, LLC401(k)

Name: Tealwood Management II, LLC 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

TEALWOOD MANAGEMENT II, LLC 401(K) & PROFIT SHARING PLAN · ST. LOUIS PARK, MN · plan year 2022

Reported admin expense ratio · 2022

2.79%

Tealwood Management II, LLC reported $3,760 in plan administrative expenses for 2022: 2.79% of average plan assets, higher than ~75% of peers. 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.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Minnesota (1,908th of 1,918), and 11,746th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$129,831
Participants with balances23
Active participants431
Employer contributions—
Employee contributions$41,655
Employer contribution per active participant—
Average account balance$5,645
Benefits paid to participants$25,857
Plan auditUnmodified (clean) audit opinion
AuditorCLIFTONLARSONALLEN LLP

Administrative expenses, itemized · 2022

Investment management$428

Total administrative$3,760

What these fees cost you

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$3,760 · 2.79%

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Source: U.S. Department of Labor, Form 5500 series, EIN 814598278 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.