Plan Ledger DOL Form 5500 · updated monthly

Hospice of the Piedmont, Inc.403(b)

HOSPICE OF THE PIEDMONT, INC. MATCHING THRIFT PLAN · HIGH POINT, NC · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

Hospice of the Piedmont, Inc. reported $71,951 in plan administrative expenses for 2024: 0.57% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,658 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 0.57%. 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 943rd-largest of 2,005 plans among North Carolina employers on file, and the 4,790th of 11,911 in health care & social assistance. In 2024, employees put in $1.54 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,534,576
Participants with balances315
Active participants213
Employer contributions$566,203
Employee contributions$871,094
Employer contribution per active participant$2,658
Average account balance$42,967
Benefits paid to participants$1,178,405
Plan auditUnmodified (clean) audit opinion
AuditorWILLIAMS OVERMAN PIERCE, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$13.5M · 315 accts · $566K emplr
2023$11.5M · 297 accts · $521K emplr
2022$9.5M · 321 accts · $487K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$63,451
Investment management$8,500
Total administrative$71,951
Employer contributions to the Hospice of the Piedmont, Inc. plan · 2024
Employer contribution per active participant$2,658
Median for plans this size$2,416
2024$2,658 per active participant
2023$2,447 per active participant
2022$2,328 per active participant

Hospice of the Piedmont, Inc.'s 2024 employer contribution ran above the $2,416 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
VALIC RETIREMENT SERVICE COMPANY · Custodial (securities) · Investment advisory (participants)$68,342
GUARDIAN WEALTH PARTNERS · Investment advisory (plan)$8,500

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$71,951 · 0.57%
2023$56,567 · 0.54%
2022$38,371 · 0.36%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
Alexander Youth Network NC$14.7M · 0.74%
Ashe Memorial Hospital NC$13.8M · 0.62%
Southminster, Inc. NC$13.3M · 0.69%
Rural Health Group, Inc. NC$13.1M · 0.86%

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Source: U.S. Department of Labor, Form 5500 series, EIN 581453827 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.