Plan Ledger DOL Form 5500 · updated monthly

Twin Cities Spine Center401(k)

TWIN CITIES SPINE CENTER 401(K) PROFIT SHARING PLAN AND TRUST · MINNEAPOLIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Twin Cities Spine Center reported $32,893 in plan administrative expenses for 2024: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $7,633 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 fell from 0.10% to 0.09%. 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 578th-largest of 1,918 plans among Minnesota employers on file, and the 2,256th of 11,911 in health care & social assistance. In 2024, employees put in $1.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$39,535,591
Participants with balances150
Active participants115
Employer contributions$877,796
Employee contributions$999,358
Employer contribution per active participant$7,633
Average account balance$263,571
Benefits paid to participants$259,008
Plan auditUnmodified (clean) audit opinion
AuditorLETHERT, SKWIRA, SCHULTZ & CO. LLP
Plan history3
Yearassets · accounts · employer contribution
2024$39.5M · 150 accts · $878K emplr
2023$32.9M · 137 accts · $928K emplr
2022$30.0M · 131 accts · $832K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,893
Total administrative$32,893
The Twin Cities Spine Center 401(k) match · 2024
Employer contribution per active participant$7,633
Median for plans this size$2,416
2024$7,633 per active participant
2023$8,281 per active participant
2022$7,428 per active participant

Twin Cities Spine Center's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20246
ACCREDITED INVESTORS · Contract administrator$3,205
CHRISTENSEN GROUP FINANCIAL · Investment advisory (plan)$2,000
GOLDLEAF PARTNERS · Contract administrator$1,125
THE VANGUARD GROUP, INC. · Contract administrator$1,020
KESTRA ADVISORY SERVICES · Investment advisory (plan)indirect comp
TD AMERITRADE, INC.indirect comp

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

Administrative cost history3
2024$32,893 · 0.09%
2023$33,025 · 0.10%
2022$33,021 · 0.10%
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%
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 410990689 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.