Plan Snapshot
- Plan Sponsor: Centracare Health System
- Sponsor EIN: 411813221
- Sponsor Address: 1406 SIXTH AVE NORTH, SAINT CLOUD, MN, 563031900
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 15,141
- Total Assets: $1.5B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 15,141 | $1.5B | $0 | $0 |
| 2024 | 11,676 | $1.2B | $49.5M | $80.6M |
| 2023 | 11,193 | $1.0B | $47.8M | $79.4M |
| 2022 | 11,997 | $819.1M | $47.0M | $76.3M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $1,102,852 | — | $1,102,852 |
| LEECH TISHMAN FUSCALDO & LAMPL LLC | ERISA Attorney | $129,850 | — | $129,850 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,232,702
- Estimated Expense Ratio: 0.084% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $117,882,132 | $302,755 | $2,100 | — | — |
| 2024 | $1,133,579 | $243,428 | $900 | — | — |
| 2023 | $1,046,098 | $173,407 | $4,200 | — | — |
| 2022 | $1,007,893 | — | — | — | — |