Plan Ledger DOL Form 5500 · updated monthly

Bayou la Batre Area Health Development Board, Inc.Money purchase plan

BAYOU LA BATRE AREA HEALTH DEVELOPMENT BOARD, INC. MPP · BAYOU LA BATRE, AL · plan year 2023

Reported admin expense ratio · 2023
0.15%

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

Bayou la Batre Area Health Development Board, Inc. reported $14,136 in plan administrative expenses for 2023: 0.15% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,592 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 0.08% to 0.01%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Alabama (456th of 902), and the 5,641st of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$10,181,207
Participants with balances136
Active participants90
Employer contributions$323,310
Employee contributions—
Employer contribution per active participant$3,592
Average account balance$74,862
Benefits paid to participants$174,920
Plan auditUnmodified (clean) audit opinion
AuditorTHE HIGHLANDS ACCOUNTING GROUP, INC
Plan history3
Yearassets · accounts · employer contribution
2024$10.1M · 120 accts · $367K emplr
2023$10.2M · 136 accts · $323K emplr
2022$8.4M · 115 accts · $306K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$1,056
Total administrative$14,136
Employer contributions to the Bayou la Batre Area Health Development Board, Inc. plan · 2023
Employer contribution per active participant$3,592
Median for plans this size$1,308
2024$4,219 per active participant
2023$3,592 per active participant
2022$3,554 per active participant

Bayou la Batre Area Health Development Board, Inc.'s 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
THE HIGHLANDS ACCOUNTING GROUP, INC$9,000
EGPS, INC. · Contract administrator$4,301
CAPITAL GROUP RETIREMENT PLAN SERVI$975

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$1,120 · 0.01%
2023$14,136 · 0.15%
2022$7,369 · 0.08%
Similar plansHealth Care & Social Assistance · Alabama
Glenwood Inc. AL$11.4M · 0.31%
Baptist Ventures Inc. AL$10.4M · 0.10%
Oral Arts Laboratory, Inc. AL$10.0M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630756832 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.