Plan Ledger DOL Form 5500 · updated monthly

Center for Mental Health401(k)

CENTER FOR MENTAL HEALTH 401(K) PROFIT SHARING PLAN & TRUST · GREAT FALLS, MT · plan year 2024

Reported admin expense ratio · 2024
1.46%

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

Center for Mental Health reported $44,779 in plan administrative expenses for 2024: 1.46% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,183 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 0.27% to 1.46%. 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 Montana (192nd of 229), and 9,052nd of 11,911 in health care & social assistance. In 2024, employees put in $1.65 for every $1.00 the employer contributed; active participation has shrunk from 145 to 110 since 2022.

Plan summary
Net assets, end of year$3,283,494
Participants with balances92
Active participants110
Employer contributions$130,149
Employee contributions$214,503
Employer contribution per active participant$1,183
Average account balance$35,690
Benefits paid to participants$284,017
Plan auditUnmodified (clean) audit opinion
AuditorDOUGLAS WILSON AND COMPANY PC
Plan history3
Yearassets · accounts · employer contribution
2024$3.3M · 92 accts · $130K emplr
2023$2.9M · 104 accts · $124K emplr
2022$2.6M · 96 accts · $130K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,765
Investment management$42,014
Total administrative$44,779
The Center for Mental Health 401(k) match · 2024
Employer contribution per active participant$1,183
Median for plans this size$1,313
2024$1,183 per active participant
2023$896 per active participant
2022$894 per active participant

Center for Mental Health'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 · 20245
EMPOWER ADVISORY GROUP, LLC · Investment management$6,602
JCCS, PC DBA JCCS BENEFIT CONSULTIN · Contract administrator$1,548
LEAFHOUSE FINANCIAL ADVISORS, LLC$603
RBC CAPITAL MARKETS LLCindirect comp

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$44,779 · 1.46%
2023$22,715 · 0.84%
2022$6,554 · 0.27%
Similar plansHealth Care & Social Assistance · Montana
Rimrock Foundation MT$4.7M · 0.21%
Flathead Industries MT$4.0M · 0.33%
Deer Lodge Medical Center MT$3.1M · 0.11%
Youth Dynamics, Inc. MT$2.8M · 0.77%
West Mont MT$1.8M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 810347441 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.