Plan Ledger DOL Form 5500 · updated monthly

Advanced Healthcare Management, Inc.401(k)

ADVANCED HEALTHCARE MANAGEMENT, INC. 401(K) PLAN · MAGEE, MS · plan year 2024

Reported admin expense ratio · 2024
0.86%

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

Advanced Healthcare Management, Inc. reported $39,369 in plan administrative expenses for 2024: 0.86% of average plan assets, higher than ~75% of peers. Employer contributions averaged $409 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 1.16% to 0.86%. 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 Mississippi (239th of 367), and 7,932nd of 11,911 in health care & social assistance. In 2024, employees put in $2.47 for every $1.00 the employer contributed; active participation has grown from 299 to 466 since 2022.

Plan summary
Net assets, end of year$4,955,961
Participants with balances167
Active participants466
Employer contributions$190,816
Employee contributions$471,391
Employer contribution per active participant$409
Average account balance$29,676
Benefits paid to participants$323,099
Plan auditUnmodified (clean) audit opinion
AuditorHARPER, RAINS, KNIGHT
Plan history3
Yearassets · accounts · employer contribution
2024$5.0M · 167 accts · $191K emplr
2023$4.2M · 181 accts · $177K emplr
2022$3.7M · 168 accts · $149K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,589
Investment management$16,780
Total administrative$39,369
The Advanced Healthcare Management, Inc. 401(k) match · 2024
Employer contribution per active participant$409
Median for plans this size$1,313
2024$409 per active participant
2023$388 per active participant
2022$498 per active participant

Advanced Healthcare Management, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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 · 20243
ELEMENT WEALTH, LLC · Investment advisory (plan)$16,777
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$14,795
ECONOMIC GROUP PENSION SERVICES · Contract administrator · Other services$7,495

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$39,369 · 0.86%
2023$48,150 · 1.22%
2022$48,964 · 1.16%
Same employer
Similar plansHealth Care & Social Assistance · Mississippi
SA Holding Company, Inc. MS$8.3M · 1.03%
Medico, LLC MS$6.5M · 2.50%
Kih Management, LLC MS$4.9M · 0.03%
Delta Health Center, Inc. MS$4.3M · 0.25%
St. Luke Foundation MS$4.3M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200284424 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.