Plan Ledger DOL Form 5500 · updated monthly

Citizens Medical Center, Inc.401(k)

CITIZENS MEDICAL CENTER, INC. 401(K) AND PENSION TRUST · COLBY, KS · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Citizens Medical Center, Inc. reported $80,298 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $2,714 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 0.29% to 0.26%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 200th-largest of 828 plans among Kansas employers on file, and the 2,579th of 11,911 in health care & social assistance. In 2024, employees put in $1.61 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$32,900,041
Participants with balances492
Active participants412
Employer contributions$1,118,232
Employee contributions$1,798,645
Employer contribution per active participant$2,714
Average account balance$66,870
Benefits paid to participants$1,692,196
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$32.9M · 492 accts · $1.1M emplr
2023$27.9M · 505 accts · $1.0M emplr
2022$22.8M · 503 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$55,320
Investment management$24,978
Total administrative$80,298
The Citizens Medical Center, Inc. 401(k) match · 2024
Employer contribution per active participant$2,714
Median for plans this size$2,416
2024$2,714 per active participant
2023$2,492 per active participant
2022$2,484 per active participant

Citizens Medical Center, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$55,320
GALLAGHER FIDUCIARY ADVISORS, LLC · Investment advisory (plan)$24,978

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$80,298 · 0.26%
2023$72,262 · 0.29%
2022$71,392 · 0.29%
Same employer
Similar plansHealth Care & Social Assistance · Kansas
Mawd Pathology Group, P.A. KS$38.1M · 0.08%
Infomerge LLC KS$29.6M · 0.16%
Wichita Urology Group, P.A. KS$29.6M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 480892178 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.