Plan Ledger DOL Form 5500 · updated monthly

Great River Health System, Inc.401(k)

GREAT RIVER HEALTH SYSTEM, INC. 401(K) RETIREMENT PLAN · WEST BURLINGTON, IA · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Great River Health System, Inc. reported $263,747 in plan administrative expenses for 2024: 0.15% of average plan assets, above the peer median. Employer contributions averaged $2,643 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 0.17% to 0.15%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 51st-largest of 878 plans among Iowa employers on file, and the 682nd of 11,911 in health care & social assistance. In 2024, employees put in $2.04 for every $1.00 the employer contributed; active participation has grown from 1,919 to 2,283 since 2022.

Plan summary
Net assets, end of year$183,098,842
Participants with balances2,545
Active participants2,283
Employer contributions$6,034,356
Employee contributions$12,281,367
Employer contribution per active participant$2,643
Average account balance$71,945
Benefits paid to participants$18,579,006
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$183.1M · 2,545 accts · $6.0M emplr
2023$159.1M · 2,440 accts · $5.6M emplr
2022$130.4M · 2,356 accts · $4.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$164,746
Investment management$99,001
Total administrative$263,747
The Great River Health System, Inc. 401(k) match · 2024
Employer contribution per active participant$2,643
Median for plans this size$3,635
2024$2,643 per active participant
2023$2,454 per active participant
2022$2,462 per active participant

Great River Health System, Inc.'s 2024 employer contribution ran below the $3,635 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$164,926
MERCER INVESTMENTS LLC · Consulting$81,820
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$17,181

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$263,747 · 0.15%
2023$311,090 · 0.21%
2022$247,306 · 0.17%
Same employer
Similar plansHealth Care & Social Assistance · Iowa
McFarland Clinic, P.C. IA$487.9M · 0.13%
Genesis Health System IA$344.6M · 0.11%
The Iowa Clinic, P.C. IA$328.9M · 0.18%
Mason City Clinic, P.C. IA$180.0M · 0.08%
Pella Regional Health Center IA$101.5M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421193185 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.