Plan Ledger DOL Form 5500 · updated monthly

Independence Health Systems Inc.401(k)

INDEPENDENCE HEALTH SYSTEMS INC. 401(K) PROFIT SHARING PLAN · PERRYVILLE, MO · plan year 2023

Reported admin expense ratio · 2023
0.94%

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

Independence Health Systems Inc. reported $17,057 in plan administrative expenses for 2023: 0.94% of average plan assets, higher than ~75% of peers. Employer contributions averaged $563 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 0.94%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Missouri (1,258th of 1,393), and 10,043rd of 11,911 in health care & social assistance. In 2023, employees put in $2.25 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,005,651
Participants with balances103
Active participants110
Employer contributions$61,925
Employee contributions$139,453
Employer contribution per active participant$563
Average account balance$19,472
Benefits paid to participants$112,047
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.0M · 110 accts · $68K emplr
2023$2.0M · 103 accts · $62K emplr
2022$1.6M · 109 accts · $48K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$9,081
Investment management$7,090
Trustee / custodial$886
Total administrative$17,057
The Independence Health Systems Inc. 401(k) match · 2023
Employer contribution per active participant$563
Median for plans this size$1,308
2024$540 per active participant
2023$563 per active participant
2022$474 per active participant

Independence Health Systems Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$9,081
BANK OF MISSOURI INVESTMENTS · Investment advisory (plan)$7,090

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$18,694 · 0.94%
2023$17,057 · 0.94%
2022$17,283 · 0.97%
Similar plansHealth Care & Social Assistance · Missouri
Sunnyhill, Inc. MO$2.0M · 0.97%
Willows Way, Inc. MO$2.0M · 0.06%
Nova Center of the Ozarks MO$2.0M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 430926316 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.