Plan Ledger DOL Form 5500 · updated monthly

Burnett Medical Center, Inc.401(k)

BURNETT MEDICAL CENTER 401(K) PLAN · GRANTSBURG, WI · plan year 2024

Reported admin expense ratio · 2024
0.72%

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

Burnett Medical Center, Inc. reported $33,637 in plan administrative expenses for 2024: 0.72% of average plan assets, above the peer median. Employer contributions averaged $1,283 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 0.15% to 0.72%. 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 Wisconsin (1,606th of 1,936), and 7,785th of 11,911 in health care & social assistance. In 2024, employees put in $2.78 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,215,282
Participants with balances155
Active participants195
Employer contributions$250,229
Employee contributions$695,061
Employer contribution per active participant$1,283
Average account balance$33,647
Benefits paid to participants$496,290
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$5.2M · 155 accts · $250K emplr
2023$4.2M · 143 accts · $232K emplr
2022$2.7M · 113 accts · $197K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,637
Total administrative$33,637
The Burnett Medical Center, Inc. 401(k) match · 2024
Employer contribution per active participant$1,283
Median for plans this size$1,313
2024$1,283 per active participant
2023$1,174 per active participant
2022$1,090 per active participant

Burnett Medical Center, Inc.'s 2024 employer contribution ran below 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 · 20244
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$13,231
PENSION CONSULTANTS CO., INC. · Contract administrator$5,885
EMPOWER ADVISORY GROUP, LLC · Investment management$2,147

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$33,637 · 0.72%
2023$20,832 · 0.60%
2022$4,150 · 0.15%
All plans at this employer2
BURNETT MEDICAL CENTER, INC. 403(B) TAX DEFERRED SAVINGS PLAN403(b)
BURNETT MEDICAL CENTER 401(K) PLAN401(k)
Same employer
Similar plansHealth Care & Social Assistance · Wisconsin
Cedar Crest Inc WI$5.4M · 0.70%
Rise Wisconsin, Inc. WI$5.0M · 0.02%
Family Forum, Inc. WI$4.9M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 390938661 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.