Plan Ledger DOL Form 5500 · updated monthly

Wingspan Life Resources401(k)

WINGSPAN LIFE RESOURCES RETIREMENT PLAN · SAINT PAUL, MN · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Wingspan Life Resources reported $8,875 in plan administrative expenses for 2024: 0.14% of average plan assets, lower than ~75% of peers. Employer contributions averaged $675 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 0.04% to 0.14%. 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 (1,479th of 1,918), and 7,122nd of 11,911 in health care & social assistance. In 2024, employees put in $2.27 for every $1.00 the employer contributed; active participation has grown from 252 to 309 since 2022.

Plan summary
Net assets, end of year$6,452,638
Participants with balances141
Active participants309
Employer contributions$208,624
Employee contributions$472,835
Employer contribution per active participant$675
Average account balance$45,763
Benefits paid to participants$919,865
Plan auditUnmodified (clean) audit opinion
AuditorOLSEN THIELEN & CO LTD
Plan history3
Yearassets · accounts · employer contribution
2024$6.5M · 141 accts · $209K emplr
2023$6.1M · 124 accts · $199K emplr
2022$5.0M · 120 accts · $171K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,875
Total administrative$8,875
The Wingspan Life Resources 401(k) match · 2024
Employer contribution per active participant$675
Median for plans this size$1,313
2024$675 per active participant
2023$663 per active participant
2022$677 per active participant

Wingspan Life Resources's 2024 employer contribution ran below 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$28,923

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 Wingspan Life Resources 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$8,875 · 0.14%
2023Not separately reported
2022$2,110 · 0.04%
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Our Lady of Peace MN$6.3M · 0.69%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411742456 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.