Plan Ledger DOL Form 5500 · updated monthly

Anmed Health Plan, Inc.403(b)

ANMED HEALTH PLAN, INC. RETIREMENT SAVINGS PLAN · ANDERSON, SC · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Anmed Health Plan, Inc. reported $6,251 in plan administrative expenses for 2024: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,829 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 0.11% to 0.09%. 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 South Carolina (511th of 807), and 6,846th of 11,911 in health care & social assistance. In 2024, the employer put in $5.35 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$7,056,888
Participants with balances133
Active participants89
Employer contributions$162,775
Employee contributions$30,441
Employer contribution per active participant$1,829
Average account balance$53,059
Benefits paid to participants$405,999
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.1M · 133 accts · $163K emplr
2023$6.5M · 135 accts · $144K emplr
2022$5.9M · 142 accts · $3K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,251
Total administrative$6,251
The Anmed Health Plan, Inc. 401(k) match · 2024
Employer contribution per active participant$1,829
Median for plans this size$1,313
2024$1,829 per active participant
2023$1,584 per active participant
2022$31 per active participant

Anmed Health Plan, Inc.'s 2024 employer contribution ran above 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
VALIC RETIREMENT SERVICES COMPANY · Custodial (securities) · Investment advisory (participants)$6,251

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$6,251 · 0.09%
2023$6,623 · 0.11%
2022$6,693 · 0.11%
Similar plansHealth Care & Social Assistance · South Carolina
Vikor Scientific, LLC SC$7.9M · 0.73%
Berkeley Citizens, Inc SC$7.1M · 0.57%
Liberty Doctors, LLC SC$5.9M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570811053 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.