Plan Ledger DOL Form 5500 · updated monthly

Independent Healthcare Management401(k)

INDEPENDENT HEALTHCARE MANAGEMENT 401(K) PLAN · MAGEE, MS · plan year 2024

Reported admin expense ratio · 2024
0.06%

Independent Healthcare Management reported $4,082 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. 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 0.056% to 0.064%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Mississippi (209th of 367), and the 1,242nd of 2,534 in administrative & support services.

Plan summary
Net assets, end of year$6,847,908
Participants with balances160
Active participants298
Employer contributions—
Employee contributions$468,248
Employer contribution per active participant—
Average account balance$42,799
Benefits paid to participants$136,275
Plan auditUnmodified (clean) audit opinion
AuditorHARPER, RAINS, KNIGHT & CO
Plan history3
Yearassets · accounts · employer contribution
2024$6.8M · 160 accts
2023$5.9M · 168 accts
2022$5.3M · 176 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,082
Total administrative$4,082
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 · 20241
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$46,863

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

Recordkeeper by year2
2024The Standard
2023Securian

This plan has changed recordkeepers within these filings. If you left Independent Healthcare Management 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$4,082 · 0.06%
2023$3,603 · 0.06%
2022$3,227 · 0.06%
Similar plansAdministrative & Support Services · Mississippi
Central Service Association MS$15.3M · 0.51%
Returns R US IL$6.9M · 0.68%
Arrow Strategies, LLC MI$6.8M · 0.54%
Sunstates Security, LLC NC$6.8M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 640770155 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.