Plan Ledger DOL Form 5500 · updated monthly

Howard Memorial Hospital401(k)

HOWARD MEMORIAL HOSPITAL 401(K) AND RETIREMENT PLAN · NASHVILLE, AR · plan year 2024

Reported admin expense ratio · 2024
0.84%

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

Howard Memorial Hospital reported $47,566 in plan administrative expenses for 2024: 0.84% of average plan assets, higher than ~75% of peers. Employer contributions averaged $593 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 0.55% to 0.84%. 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 Arkansas (301st of 456), and 7,356th of 11,911 in health care & social assistance. In 2024, employees put in $2.73 for every $1.00 the employer contributed; active participation has grown from 217 to 268 since 2022.

Plan summary
Net assets, end of year$5,983,202
Participants with balances221
Active participants268
Employer contributions$158,866
Employee contributions$433,101
Employer contribution per active participant$593
Average account balance$27,073
Benefits paid to participants$615,426
Plan auditUnmodified (clean) audit opinion
AuditorWELCH, COUCH & COMPANY, PA
Plan history3
Yearassets · accounts · employer contribution
2024$6.0M · 221 accts · $159K emplr
2023$5.4M · 211 accts
2022$5.5M · 241 accts · $148K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,912
Investment management$4,429
Total administrative$47,566
The Howard Memorial Hospital 401(k) match · 2024
Employer contribution per active participant$593
Median for plans this size$1,313
2024$593 per active participant
2022$680 per active participant

Howard Memorial Hospital's 2024 employer contribution ran below the $1,313 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
MORGAN STANLEY SMITH BARNEY, LLCindirect comp
VOYA RETIREMENT INSUR. & ANNUITY CO · Investment advisory (participants)indirect comp
ERISA SERVICES MIDWEST, LLC · Other servicesindirect 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$47,566 · 0.84%
2023$43,331 · 0.80%
2022$33,446 · 0.55%
Similar plansHealth Care & Social Assistance · Arkansas
Home Office, LLC AR$4.9M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 710644637 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.