Plan Ledger DOL Form 5500 · updated monthly

Upper Midwest Organ Procurement Organization Inc. dba Lifesource401(k)

LIFESOURCE, UPPER MIDWEST ORGAN PROCUREMENT ORGANIZATION, INC. RETIREMENT PLAN · 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

Upper Midwest Organ Procurement Organization Inc. dba Lifesource reported $31,650 in plan administrative expenses for 2024: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $7,764 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 rose from 0.02% to 0.09%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 596th-largest of 1,918 plans among Minnesota employers on file, and the 3,463rd of 11,654 in professional & technical services. In 2024, employees put in $1.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$37,778,544
Participants with balances359
Active participants235
Employer contributions$1,824,567
Employee contributions$2,150,753
Employer contribution per active participant$7,764
Average account balance$105,233
Benefits paid to participants$5,422,428
Plan auditUnmodified (clean) audit opinion
AuditorTHORESEN DIABY HELLE CONDON DODGE
Plan history3
Yearassets · accounts · employer contribution
2024$37.8M · 359 accts · $1.8M emplr
2023$34.5M · 318 accts · $1.7M emplr
2022$34.3M · 309 accts · $1.4M emplr
The Upper Midwest Organ Procurement Organization Inc. dba Lifesource 401(k) match · 2024
Employer contribution per active participant$7,764
Median for plans this size$2,416
2024$7,764 per active participant
2023$7,356 per active participant
2022$5,718 per active participant

Upper Midwest Organ Procurement Organization Inc. dba Lifesource'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 · 20242
TAX SHELTERED COMPENSATION INC · Recordkeeping · Loan processing$5,000
TRANSAMERICA FINANCIAL LIFE INSURAN · Recordkeeping · Loan processing$3,830

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

Recordkeeper by year2
2024TAX SHELTERED COMPENSATION INC, Transamerica
2023TAX SHELTERED COMPENSATION INC, Transamerica

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

Administrative cost history3
2024$31,650 · 0.09%
2023$11,236 · 0.03%
2022$7,711 · 0.02%
Same employer
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Larson Engineering, Inc. MN$36.4M · 0.25%
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Source: U.S. Department of Labor, Form 5500 series, EIN 363584029 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.