Plan Ledger DOL Form 5500 · updated monthly

Cherokee Health Systems, Inc.403(b)

CHEROKEE HEALTH SYSTEMS, INC. TAX DEFERRED RETIREMENT PLAN · TALBOTT, TN · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Cherokee Health Systems, Inc. reported $33,267 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,615 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 fell from 0.07% to 0.06%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 257th-largest of 1,496 plans among Tennessee employers on file, and the 1,676th of 11,911 in health care & social assistance. In 2024, employees put in $1.34 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$57,680,688
Participants with balances791
Active participants592
Employer contributions$1,548,298
Employee contributions$2,078,297
Employer contribution per active participant$2,615
Average account balance$72,921
Benefits paid to participants$8,408,306
Plan auditUnmodified (clean) audit opinion
AuditorPYA, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$57.7M · 791 accts · $1.5M emplr
2023$54.5M · 852 accts · $1.1M emplr
2022$47.7M · 833 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,267
Total administrative$33,267
Employer contributions to the Cherokee Health Systems, Inc. plan · 2024
Employer contribution per active participant$2,615
Median for plans this size$3,635
2024$2,615 per active participant
2023$1,769 per active participant
2022$2,480 per active participant

Cherokee Health Systems, Inc.'s 2024 employer contribution ran below the $3,635 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
ADVISED ASSETS GROUP, LLC · Investment management$306
NATIONS FINANCIAL GROUP INCindirect 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$33,267 · 0.06%
2023$23,475 · 0.05%
2022$38,497 · 0.07%
Same employer
Similar plansHealth Care & Social Assistance · Tennessee
Premier Medical Group, P.C. TN$60.4M · 0.33%
The Surgical Clinic, PLLC TN$59.8M · 0.18%
Paragon Anesthesia, P.C. TN$55.2M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620637925 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.