Plan Ledger DOL Form 5500 · updated monthly

Hospice of Iredell County, Inc.403(b)

RETIREMENT PLAN FOR HOSPICE OF IREDELL COUNTY · STATESVILLE, NC · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Hospice of Iredell County, Inc. reported $7,801 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,512 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 0.00% to 0.12%. 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 among the smaller plans on file in North Carolina (1,308th of 2,005), and 6,940th of 11,911 in health care & social assistance. In 2024, employees put in $1.64 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,852,496
Participants with balances173
Active participants194
Employer contributions$293,308
Employee contributions$479,641
Employer contribution per active participant$1,512
Average account balance$39,610
Benefits paid to participants$286,350
Plan auditUnmodified (clean) audit opinion
AuditorDAVIDSON, HOLLAND, WHITESELL & CO.
Plan history3
Yearassets · accounts · employer contribution
2024$6.9M · 173 accts · $293K emplr
2023$5.7M · 171 accts · $259K emplr
2022$5.2M · 175 accts · $235K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,801
Total administrative$7,801
Employer contributions to the Hospice of Iredell County, Inc. plan · 2024
Employer contribution per active participant$1,512
Median for plans this size$1,313
2024$1,512 per active participant
2023$1,283 per active participant
2022$1,195 per active participant

Hospice of Iredell County, Inc.'s 2024 employer contribution ran above 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 · 20241
PBMARES LLP · Contract administrator$6,100

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$7,801 · 0.12%
2023$969 · 0.02%
2022$251 · 0.00%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
St. Luke's Hospital, Inc. NC$7.3M · 0.63%
Livhome, Inc. NC$6.8M · 1.16%
Moravian Home, Inc. NC$6.6M · 0.92%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561376577 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.