Plan Ledger DOL Form 5500 · updated monthly

Hutchinson Regional Medical Center, Inc.401(k)

HUTCHINSON REGIONAL HEALTHCARE SYSTEM RETIREMENT · HUTCHINSON, KS · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Hutchinson Regional Medical Center, Inc. reported $202,694 in plan administrative expenses for 2024: 0.24% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,132 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 fell from 0.31% to 0.24%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 77th-largest of 828 plans among Kansas employers on file, and the 1,182nd of 11,911 in health care & social assistance. In 2024, employees put in $1.41 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$90,304,491
Participants with balances1,722
Active participants1,418
Employer contributions$4,440,893
Employee contributions$6,282,825
Employer contribution per active participant$3,132
Average account balance$52,442
Benefits paid to participants$10,646,987
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$90.3M · 1,722 accts · $4.4M emplr
2023$79.4M · 1,806 accts · $3.2M emplr
2022$71.3M · 1,639 accts · $2.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$112,694
Investment management$90,000
Total administrative$202,694
The Hutchinson Regional Medical Center, Inc. 401(k) match · 2024
Employer contribution per active participant$3,132
Median for plans this size$3,635
2024$3,132 per active participant
2023$2,507 per active participant
2022$2,152 per active participant

Hutchinson Regional Medical Center, Inc.'s 2024 employer contribution ran below the $3,635 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
EMPOWER ANNUITY INSURANCE COMPANY · Contract administrator · Recordkeeping$112,694
COMMONWEALTH EQUITY SERVICES LLC DB · Investment advisory (plan)$90,000

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Empower
2023Prudential

This plan has changed recordkeepers within these filings. If you left Hutchinson Regional Medical Center, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$202,694 · 0.24%
2023$195,098 · 0.26%
2022$233,518 · 0.31%
Same employer
Similar plansHealth Care & Social Assistance · Kansas
Hutchinson Clinic, P.A. KS$134.1M · 0.13%
Hays Medical Center KS$115.5M · 0.26%
Nuehealth Equity Co., LLC KS$103.0M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 480774005 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.