Plan Ledger DOL Form 5500 · updated monthly

Green River Regional Mental Health/Mental403(b)

RIVER VALLEY AND AFFILIATES 403(B) RETIREMENT SAVINGS PLAN · OWENSBORO, KY · plan year 2024

Reported admin expense ratio · 2024
0.80%

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

Green River Regional Mental Health/Mental reported $58,005 in plan administrative expenses for 2024: 0.80% of average plan assets, above the peer median. Employer contributions averaged $51 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 0.71% to 0.80%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Kentucky (560th of 871), and 1,946th of 3,341 in other services. In 2024, employees put in $13.71 for every $1.00 the employer contributed; active participation has grown from 634 to 726 since 2022.

Plan summary
Net assets, end of year$7,441,893
Participants with balances318
Active participants726
Employer contributions$36,906
Employee contributions$505,969
Employer contribution per active participant$51
Average account balance$23,402
Benefits paid to participants$1,117,628
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.4M · 318 accts · $37K emplr
2023$7.1M · 420 accts · $63K emplr
2022$6.7M · 430 accts · $69K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$58,005
Total administrative$58,005
Employer contributions to the Green River Regional Mental Health/Mental plan · 2024
Employer contribution per active participant$51
Median for plans this size$1,313
2024$51 per active participant
2023$77 per active participant
2022$109 per active participant

Green River Regional Mental Health/Mental'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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$58,005
WELLS FARGO ADVISORS FIN NETWORK · Other servicesindirect comp
ANDPARTNERS, LLC · Other servicesindirect 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$58,005 · 0.80%
2023$50,349 · 0.73%
2022$50,532 · 0.71%
Similar plansOther Services · Kentucky
Airway Group LLC KY$13.8M · 0.30%
Answers in Genesis, Inc. KY$12.4M · 0.64%
Ivy Technology, LLC KY$10.5M · 0.84%
Sitex Corporation KY$5.2M · 1.16%
Aegis Sortation LLC KY$4.0M · 0.06%
Teca, Inc. KY$1.8M

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Source: U.S. Department of Labor, Form 5500 series, EIN 610668290 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.