Olmsted Medical Center 401(k) Plan: Login, Facts & Contact Information

Olmsted Medical Center 401(k) Plan Facts

Plan name
OLMSTED MEDICAL CENTER RETIREMENT SAVINGS PLAN
Plan type
401(k) and profit sharing
Plan sponsor
OLMSTED MEDICAL CENTER
Participants
1,843 (1,429 active employees)
Former employees with a balance
466
Plan assets
$303,382,040 at Dec 31, 2024
Average account balance
$163,636 across 1,854 accounts
Employer contributions
$8,242,867 in plan year 2024 (41% of all contributions)
Recordkeeper
Fidelity Investments Institutional
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1963
— Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments✓ Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 6, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $20.2 million went into the plan in contributions, $8.24 million of it from the employer (41%).
  • $21.8 million was paid out to participants.
  • Investment and other income added $35.4 million.
  • Administrative expenses were $258,303, about $139 per account.

How the Olmsted Medical Center 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20191,600$223.7 million$5.35 million$22.1 million
20201,651$249.3 million$3.99 million$21.5 million
20211,704$282.7 million$7.91 million$18.7 million
20221,765$230.9 million$3.38 million$18.9 million
20231,814$269.8 million$6.40 million$19.1 million
20241,843$303.4 million$8.24 million$21.8 million

Olmsted Medical Center 401(k) Contact Information

Phone
507-288-3443
Mailing address
1650 FOURTH STREET SE, ROCHESTER MN 55904
Plan sponsor
OLMSTED MEDICAL CENTER
Employer identification number (EIN)
41-0855367
Plan number
001

Questions about the Olmsted Medical Center 401(k)

Does Olmsted Medical Center contribute to the 401(k)?

The plan does not report an employer matching arrangement on its Form 5500. It did report $8.24 million in employer contributions for plan year 2024.

Does the Olmsted Medical Center 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Olmsted Medical Center 401(k) plan?

1,843 participants at the start of plan year 2024, 1,429 of them active employees, and 466 former employees who still had money in the plan.

What is the average 401(k) balance at Olmsted Medical Center?

About $163,636 per account: $303.4 million in plan assets across 1,854 accounts with a balance at the end of plan year 2024.

Who manages the Olmsted Medical Center 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Olmsted Medical Center. How do I access my 401(k)?

Your account stays with Fidelity NetBenefits after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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