Plan Ledger DOL Form 5500 · updated monthly

Health Systems Management, Inc.401(k)

DIALYSIS EMPLOYEES' PROFIT SHARING 401K SALARY REDUCTION PLAN AND TRUST · TIFTON, GA · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Health Systems Management, Inc. reported $138,897 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $921 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 0.36% to 0.43%. 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 623rd-largest of 2,160 plans among Georgia employers on file, and the 2,519th of 11,911 in health care & social assistance. In 2024, employees put in $3.02 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$34,110,636
Participants with balances573
Active participants734
Employer contributions$676,255
Employee contributions$2,044,091
Employer contribution per active participant$921
Average account balance$59,530
Benefits paid to participants$2,997,597
Plan auditUnmodified (clean) audit opinion
AuditorMCNAIR, MCLEMORE, MIDDLEBROOKS & CO
Plan history3
Yearassets · accounts · employer contribution
2024$34.1M · 573 accts · $676K emplr
2023$30.3M · 577 accts · $640K emplr
2022$28.3M · 549 accts · $558K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$83,987
Investment management$54,910
Total administrative$138,897
The Health Systems Management, Inc. 401(k) match · 2024
Employer contribution per active participant$921
Median for plans this size$2,416
2024$921 per active participant
2023$854 per active participant
2022$744 per active participant

Health Systems Management, Inc.'s 2024 employer contribution ran below the $2,416 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
LINCOLN NATIONAL CORPORATION · Contract administrator$83,987
MERRILL LYNCH · Consulting$41,576
MORGAN STANLEY · Consulting$13,334

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$138,897 · 0.43%
2023$110,458 · 0.38%
2022$108,735 · 0.36%
Same employer
Similar plansHealth Care & Social Assistance · Georgia
Augusta Ent, P.C. GA$34.1M · 0.36%
Au Medical Associates GA$29.8M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 581821191 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.