Plan Ledger DOL Form 5500 · updated monthly

Butterfield Healthcare, Inc. D/B/A Meadowbrook Manor401(k)

BUTTERFIELD HEALTHCARE, INC. 401(K) RETIREMENT PLAN · NAPERVILLE, IL · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Butterfield Healthcare, Inc. D/B/A Meadowbrook Manor reported $54,445 in plan administrative expenses for 2024: 0.61% of average plan assets, above the peer median. Employer contributions averaged $210 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 0.57% to 0.61%. 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 Illinois (2,445th of 3,702), and the 5,918th of 11,911 in health care & social assistance. In 2024, employees put in $4.74 for every $1.00 the employer contributed; active participation has grown from 505 to 949 since 2022.

Plan summary
Net assets, end of year$9,369,851
Participants with balances267
Active participants949
Employer contributions$199,332
Employee contributions$944,532
Employer contribution per active participant$210
Average account balance$35,093
Benefits paid to participants$1,043,943
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.4M · 267 accts · $199K emplr
2023$8.4M · 276 accts · $189K emplr
2022$7.0M · 258 accts · $161K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,377
Investment management$29,068
Total administrative$54,445
The Butterfield Healthcare, Inc. D/B/A Meadowbrook Manor 401(k) match · 2024
Employer contribution per active participant$210
Median for plans this size$1,313
2024$210 per active participant
2023$337 per active participant
2022$320 per active participant

Butterfield Healthcare, Inc. D/B/A Meadowbrook Manor's 2024 employer contribution ran below the $1,313 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.

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
JOHN HANCOCK · Recordkeeping · Loan processing$26,239
WILSHIRE ASSOCIATES · Investment advisory (plan)$28,205

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$54,445 · 0.61%
2023$45,379 · 0.59%
2022$43,871 · 0.57%
Similar plansHealth Care & Social Assistance · Illinois
One Hope United IL$9.4M · 1.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363596557 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.