Plan Ledger DOL Form 5500 · updated monthly

Big Springs Medical Association,401(k)

MISSOURI HIGHLANDS HEALTH CARE 401(K) PLAN · ELLINGTON, MO · plan year 2024

Reported admin expense ratio · 2024
0.98%

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

Big Springs Medical Association, reported $59,051 in plan administrative expenses for 2024: 0.98% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,783 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 rose from 0.24% to 0.98%. 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 Missouri (991st of 1,393), and 6,976th of 11,911 in health care & social assistance. In 2024, employees put in $1.89 for every $1.00 the employer contributed; active participation has grown from 217 to 262 since 2022.

Plan summary
Net assets, end of year$6,770,559
Participants with balances215
Active participants262
Employer contributions$467,194
Employee contributions$884,089
Employer contribution per active participant$1,783
Average account balance$31,491
Benefits paid to participants$952,369
Plan auditUnmodified (clean) audit opinion
AuditorPEAK AUDIT AND ACCOUNTING LLC
Plan history3
Yearassets · accounts · employer contribution
2024$6.8M · 215 accts · $467K emplr
2023$5.3M · 211 accts · $435K emplr
2022$3.6M · 188 accts · $346K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,073
Investment management$29,978
Total administrative$59,051
The Big Springs Medical Association, 401(k) match · 2024
Employer contribution per active participant$1,783
Median for plans this size$1,313
2024$1,783 per active participant
2023$1,641 per active participant
2022$1,596 per active participant

Big Springs Medical Association,'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 · 20243
CLIENT ONE SECURITIES, LLC · Recordkeeping · Trustee$29,978
ADP, INC. · Loan processing · Recordkeeping$29,073
ADP BROKER-DEALERindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADP, CLIENT ONE SECURITIES, LLC
2023ADP, CLIENT ONE SECURITIES, LLC

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$59,051 · 0.98%
2023$43,338 · 0.97%
2022$8,436 · 0.24%
Same employer
Similar plansHealth Care & Social Assistance · Missouri
Familyforward MO$7.4M · 0.23%
Community Living, Inc. MO$7.1M · 0.12%
Adapt of America, Inc. MO$6.5M · 0.64%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 431068291 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.