BILLINGS CLINIC 403B PLAN · BILLINGS, MT · plan year 2024
Employer contribution per participant · 2024
$1,573
Billings Clinic's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $594,804,663 across 4,284 participant accounts, with employer contributions averaging $1,573 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 2nd-largest of 229 plans among Montana employers on file, and the 292nd of 11,911 in health care & social assistance. In 2024, employees put in $4.28 for every $1.00 the employer contributed.
Plan summary
Net assets, end of year$594,804,663
Participants with balances4,284
Active participants4,247
Employer contributions$6,682,533
Employee contributions$28,572,137
Employer contribution per active participant$1,573
Employer contributions to the Billings Clinic plan · 2024
Employer contribution per active participant$1,573
Median for plans this size$4,294
2024$1,573 per active participant
2023$592 per active participant
2022$1,667 per active participant
Billings Clinic's 2024 employer contribution ran below the $4,294 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.
Service providers · 20244
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$104,417
Source: U.S. Department of Labor, Form 5500 series, EIN 810231784 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.