Plan Ledger DOL Form 5500 · updated monthly

Dickinson County Healthcare System401(k)

DICKINSON COUNTY HEALTHCARE SYSTEM 401(K) PLAN · IRON MOUNTAIN, MI · plan year 2023

Reported admin expense ratio · 2023
0.29%

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

Dickinson County Healthcare System reported $98,008 in plan administrative expenses for 2023: 0.29% of average plan assets, above the peer median. Employer contributions averaged $1,874 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 0.43% to 0.23%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 664th-largest of 2,619 plans among Michigan employers on file, and the 2,391st of 11,911 in health care & social assistance. In 2023, employees put in $2.19 for every $1.00 the employer contributed; active participation has shrunk from 868 to 634 since 2022.

Plan summary
Net assets, end of year$36,682,468
Participants with balances1,102
Active participants634
Employer contributions$1,188,080
Employee contributions$2,604,459
Employer contribution per active participant$1,874
Average account balance$33,287
Benefits paid to participants$4,623,459
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$36.3M · 946 accts · $1.1M emplr
2023$36.7M · 1,102 accts · $1.2M emplr
2022$31.8M · 1,055 accts · $1.5M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$98,008
Total administrative$98,008
The Dickinson County Healthcare System 401(k) match · 2023
Employer contribution per active participant$1,874
Median for plans this size$2,440
2024$2,003 per active participant
2023$1,874 per active participant
2022$1,716 per active participant

Dickinson County Healthcare System's 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
LINCOLN NATIONAL CORPORATION · Contract administrator$98,008

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$82,282 · 0.23%
2023$98,008 · 0.29%
2022$86,061 · 0.43%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
The Guidance Center MI$37.7M · 0.08%
The Hurley Clinic MI$36.0M · 0.01%
Orthopaedic Associates Of MI$35.3M · 0.12%
Life Ems, Inc. MI$34.2M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382780429 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.