Plan Ledger DOL Form 5500 · updated monthly

Hattiesburg Medical Park Management401(k)

HATTIESBURG MEDICAL PARK MANAGEMENT RETIREMENT SAVINGS PLAN · HATTIESBURG, MS · plan year 2024

Reported admin expense ratio · 2024
0.75%

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

Hattiesburg Medical Park Management reported $72,509 in plan administrative expenses for 2024: 0.75% of average plan assets, above the peer median. Employer contributions averaged $660 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 3 years on file its reported administrative ratio has held roughly steady near 0.75%. 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 the 171st-largest of 367 plans among Mississippi employers on file, and the 5,661st of 11,911 in health care & social assistance. In 2024, employees put in $2.35 for every $1.00 the employer contributed; active participation has grown from 376 to 427 since 2022.

Plan summary
Net assets, end of year$10,100,316
Participants with balances447
Active participants427
Employer contributions$281,710
Employee contributions$662,280
Employer contribution per active participant$660
Average account balance$22,596
Benefits paid to participants$1,109,481
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.1M · 447 accts · $282K emplr
2023$9.3M · 348 accts · $260K emplr
2022$8.7M · 363 accts · $243K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$72,509
Total administrative$72,509
The Hattiesburg Medical Park Management 401(k) match · 2024
Employer contribution per active participant$660
Median for plans this size$1,313
2024$660 per active participant
2023$632 per active participant
2022$645 per active participant

Hattiesburg Medical Park Management's 2024 employer contribution ran below the $1,313 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$72,508
ICOM ADVISORS, LLC · Investment advisory (plan)indirect 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$72,509 · 0.75%
2023$65,107 · 0.73%
2022$74,187 · 0.73%
Same employer
Similar plansHealth Care & Social Assistance · Mississippi
SA Holding Company, Inc. MS$8.3M · 1.03%
Medico, LLC MS$6.5M · 2.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 640604714 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.