Plan Ledger DOL Form 5500 · updated monthly

Tubman401(k)

TUBMAN 401(K) PLAN · MINNEAPOLIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Tubman reported $3,913 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,777 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 0.048%. 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 (1,366th of 1,918), and 6,136th of 11,911 in health care & social assistance. In 2024, employees put in $1.80 for every $1.00 the employer contributed; active participation has grown from 86 to 108 since 2022.

Plan summary
Net assets, end of year$8,775,458
Participants with balances167
Active participants108
Employer contributions$191,916
Employee contributions$344,777
Employer contribution per active participant$1,777
Average account balance$52,548
Benefits paid to participants$298,011
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.8M · 167 accts · $192K emplr
2023$7.5M · 166 accts · $176K emplr
2022$6.0M · 157 accts · $160K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,913
Total administrative$3,913
The Tubman 401(k) match · 2024
Employer contribution per active participant$1,777
Median for plans this size$1,313
2024$1,777 per active participant
2023$1,627 per active participant
2022$1,862 per active participant

Tubman's 2024 employer contribution ran above the $1,313 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 · 20241
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$31,151

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

Recordkeeper by year2
2024The Standard
2023Securian

This plan has changed recordkeepers within these filings. If you left Tubman before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$3,913 · 0.05%
2023$2,761 · 0.04%
2022$3,223 · 0.05%
Similar plansHealth Care & Social Assistance · Minnesota
Cps Puerto Rico, Inc. MN$9.3M · 0.52%
Alluma, Inc. MN$8.2M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411240048 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.