Plan Ledger DOL Form 5500 · updated monthly

Grace Community Health Center, Inc.401(k)

GRACE COMMUNITY HEALTH CENTER, INC. 401(K) RETIREMENT SAVINGS PLAN · CORBIN, KY · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Grace Community Health Center, Inc. reported $31,064 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $2,460 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 0.05% to 0.20%. 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 324th-largest of 871 plans among Kentucky employers on file, and the 4,043rd of 11,911 in health care & social assistance. In 2024, employees put in $1.56 for every $1.00 the employer contributed; active participation has grown from 336 to 473 since 2022.

Plan summary
Net assets, end of year$17,535,709
Participants with balances503
Active participants473
Employer contributions$1,163,588
Employee contributions$1,819,180
Employer contribution per active participant$2,460
Average account balance$34,862
Benefits paid to participants$1,606,084
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.5M · 503 accts · $1.2M emplr
2023$14.1M · 572 accts · $964K emplr
2022$9.4M · 420 accts · $734K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,411
Investment management$12,653
Total administrative$31,064
The Grace Community Health Center, Inc. 401(k) match · 2024
Employer contribution per active participant$2,460
Median for plans this size$2,416
2024$2,460 per active participant
2023$2,137 per active participant
2022$2,186 per active participant

Grace Community Health 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 · 20244
ANEW 401(K) TPA LLC · Contract administrator$13,500
PARKLAND SECURITIES LLC · Investment advisory (plan)$12,143
CAPITAL GROUP RETIREMENT PLAN SERV.$4,911
GRACE COMMUNITY HEALTH CENTER INC · Investment advisory (plan)$510

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$31,064 · 0.20%
2023$5,047 · 0.04%
2022$5,206 · 0.05%
Same employer
Similar plansHealth Care & Social Assistance · Kentucky
Big Sandy Health Care, Inc KY$17.5M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 261779437 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.