Plan Ledger DOL Form 5500 · updated monthly

Elkins Regional Convalescent Center Retirement Savings Plan403(b)

ELKINS REGIONAL CONVALESCENT CENTER RETIREMENT SAVINGS PLAN · ELKINS, WV · plan year 2024

Reported admin expense ratio · 2024
1.27%

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

Elkins Regional Convalescent Center Retirement Savings Plan reported $15,266 in plan administrative expenses for 2024: 1.27% of average plan assets, higher than ~90% of peers. Employer contributions averaged $221 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 0.01% to 1.27%. 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 West Virginia (247th of 265), and 10,669th of 11,911 in health care & social assistance. In 2024, employees put in $2.57 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,268,684
Participants with balances192
Active participants231
Employer contributions$50,995
Employee contributions$130,995
Employer contribution per active participant$221
Average account balance$6,608
Benefits paid to participants$161,297
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.3M · 192 accts · $51K emplr
2023$1.1M · 160 accts · $66K emplr
2022$941K · 146 accts · $16K emplr
Employer contributions to the Elkins Regional Convalescent Center Retirement Savings Plan plan · 2024
Employer contribution per active participant$221
Median for plans this size$1,313
2024$221 per active participant
2023$321 per active participant
2022$73 per active participant

Elkins Regional Convalescent Center Retirement Savings Plan'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 · 20243
EDWARD D JONES & CO LP · Investment advisory (plan)$2,502
BENEFIT PLANS SERVICES · Contract administratorindirect comp
EMPOWER ANNUITY INSURANCE COMPANY · Contract administratorindirect 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$15,266 · 1.27%
2023$218 · 0.02%
2022$60 · 0.01%
Same employer
Similar plansHealth Care & Social Assistance · West Virginia
Jan-Care Ambulance, Inc. WV$2.1M · 0.51%
Council on Aging, Inc. WV$1.4M · 0.14%
Edgewood Summit, Inc. WV$1.3M · 0.99%
Defelicegroup, Inc. WV$1.2M · 0.23%
Elder Aide Services dba WV$666K · 1.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 550329724 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.