Plan Ledger DOL Form 5500 · updated monthly

Hays Medical Center403(b)

HAYS MEDICAL CENTER EMPLOYEE'S TAX DEFERRED ANNUITY PLAN · HAYS, KS · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Hays Medical Center reported $289,607 in plan administrative expenses for 2024: 0.26% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2 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 0.24% to 0.26%. 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 66th-largest of 828 plans among Kansas employers on file, and the 977th of 11,911 in health care & social assistance. In 2024, employees put in $3351.62 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$115,483,743
Participants with balances1,774
Active participants1,460
Employer contributions$2,300
Employee contributions$7,708,726
Employer contribution per active participant$2
Average account balance$65,098
Benefits paid to participants$11,146,041
Plan auditUnmodified (clean) audit opinion
AuditorBRUNGARDT HOWER WARD ELLIOTT & PFEI
Plan history3
Yearassets · accounts · employer contribution
2024$115.5M · 1,774 accts · $2K emplr
2023$103.8M · 1,837 accts
2022$89.8M · 1,791 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$289,607
Total administrative$289,607
Employer contributions to the Hays Medical Center plan · 2024
Employer contribution per active participant$2
Median for plans this size$3,635

Hays Medical Center's 2024 employer contribution ran below the $3,635 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$289,607
RAYMOND JAMES FIN SVCS ADVISORS · 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$289,607 · 0.26%
2023$250,501 · 0.26%
2022$250,496 · 0.24%
All plans at this employer2
HAYS MEDICAL CENTER EMPLOYEE'S PENSION PLANMoney purchase plan
HAYS MEDICAL CENTER EMPLOYEE'S TAX DEFERRED ANNUITY PLAN403(b)
Same employer
Similar plansHealth Care & Social Assistance · Kansas
Olathe Health System, Inc. KS$194.6M · 0.13%
Hutchinson Clinic, P.A. KS$134.1M · 0.13%
Nuehealth Equity Co., LLC KS$103.0M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 480559088 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.