Plan Ledger DOL Form 5500 · updated monthly

Hospital Development Corporation D/B/A Roane General Hospital401(k)

ROANE GENERAL HOSPITAL 401(K) PROFIT SHARING PLAN · SPENCER, WV · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Hospital Development Corporation D/B/A Roane General Hospital reported $82,856 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $2,044 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 0.353%. 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 70th-largest of 265 plans among West Virginia employers on file, and the 3,212th of 11,911 in health care & social assistance. In 2024, employees put in $1.68 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$24,382,964
Participants with balances414
Active participants335
Employer contributions$684,726
Employee contributions$1,151,040
Employer contribution per active participant$2,044
Average account balance$58,896
Benefits paid to participants$3,178,593
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.4M · 414 accts · $685K emplr
2023$22.6M · 456 accts · $636K emplr
2022$17.5M · 450 accts · $618K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,900
Investment management$42,956
Total administrative$82,856
The Hospital Development Corporation D/B/A Roane General Hospital 401(k) match · 2024
Employer contribution per active participant$2,044
Median for plans this size$2,416
2024$2,044 per active participant
2023$1,881 per active participant
2022$1,862 per active participant

Hospital Development Corporation D/B/A Roane General Hospital's 2024 employer contribution ran below 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
LANHAM O'DELL & COMPANY INC DBA LOC · Investment advisory (plan)$42,956

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$82,856 · 0.35%
2023$67,758 · 0.34%
2022$57,912 · 0.35%
Same employer
Similar plansHealth Care & Social Assistance · West Virginia
Davis Memorial Hospital WV$34.3M · 0.35%
Retina Consultants, PLLC WV$20.1M · 0.04%
Pleasant Valley Hospital WV$19.6M · 0.32%
Kanawha Hospice Care, Inc. WV$19.4M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 550484469 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.