Plan Ledger DOL Form 5500 · updated monthly

Ashley Medical CenterProfit-sharing plan

ASHLEY MEDICAL CENTER RETIREMENT TRUST · ASHLEY, ND · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Ashley Medical Center reported $2,246 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,374 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 0.45% to 0.06%. 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 North Dakota (244th of 279), and 8,602nd of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$3,927,413
Participants with balances113
Active participants106
Employer contributions$145,591
Employee contributions$0
Employer contribution per active participant$1,374
Average account balance$34,756
Benefits paid to participants$111,980
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.9M · 113 accts · $146K emplr
2023$3.5M · 118 accts · $129K emplr
2022$3.2M · 118 accts · $126K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,246
Total administrative$2,246
Employer contributions to the Ashley Medical Center plan · 2024
Employer contribution per active participant$1,374
Median for plans this size$1,313
2024$1,374 per active participant
2023$1,011 per active participant
2022$1,156 per active participant

Ashley Medical Center'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 · 20242
EDWARD JONES · Investment advisory (plan)$17,215
CAPITAL GROUP RETIREMENT PLAN SVCS. · Trustee (directed) · Other services$2,660

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$2,246 · 0.06%
2023$4,843 · 0.14%
2022$13,979 · 0.45%
Similar plansHealth Care & Social Assistance · North Dakota
Luther Memorial Home ND$5.1M · 0.44%
Tioga Medical Center ND$4.4M · 0.08%
Centre, Inc. ND$4.1M · 0.45%
St. Luke's Hospital ND$2.8M · 0.09%
Share House, Inc. ND$2.7M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450255914 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.