Plan Ledger DOL Form 5500 · updated monthly

Glendive Medical Center401(k)

GLENDIVE MEDICAL CENTER 401(K) PROFIT SHARING PLAN · GLENDIVE, MT · plan year 2024

Reported admin expense ratio · 2024
0.50%

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

Glendive Medical Center reported $146,527 in plan administrative expenses for 2024: 0.50% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,119 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 0.46% to 0.50%. 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 47th-largest of 229 plans among Montana employers on file, and the 2,749th of 11,911 in health care & social assistance. In 2024, employees put in $2.56 for every $1.00 the employer contributed; active participation has shrunk from 434 to 380 since 2022.

Plan summary
Net assets, end of year$30,405,575
Participants with balances475
Active participants380
Employer contributions$805,070
Employee contributions$2,060,683
Employer contribution per active participant$2,119
Average account balance$64,012
Benefits paid to participants$4,972,057
Plan auditUnmodified (clean) audit opinion
AuditorEIDEBAILLY
Plan history3
Yearassets · accounts · employer contribution
2024$30.4M · 475 accts · $805K emplr
2023$28.5M · 492 accts · $753K emplr
2022$23.8M · 535 accts · $719K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$77,849
Investment management$54,627
Audit (IQPA)$14,051
Total administrative$146,527
The Glendive Medical Center 401(k) match · 2024
Employer contribution per active participant$2,119
Median for plans this size$2,416
2024$2,119 per active participant
2023$1,912 per active participant
2022$1,656 per active participant

Glendive Medical Center's 2024 employer contribution ran below 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$80,349
ALLIED INVESTMENT ADVISORS LLC · Investment advisory (plan)$54,627
GLENDIVE MEDICAL CENTER · Accounting / audit$14,051

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$146,527 · 0.50%
2023$126,144 · 0.48%
2022$117,687 · 0.46%
Similar plansHealth Care & Social Assistance · Montana
Livingston Healthcare MT$32.5M · 0.35%
Sidney Health Center MT$32.1M · 0.35%
Missoula Bone & Joint, LLC MT$31.9M · 0.22%
Ortho Montana, PSC MT$30.1M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 816016016 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.