Plan Ledger DOL Form 5500 · updated monthly

Kentucky Medical Services Foundation, Inc.401(k)

KENTUCKY MEDICAL SERVICES FOUNDATION, INC. 401(K) RETIREMENT PLAN · LEXINGTON, KY · plan year 2022

Reported admin expense ratio · 2022
0.18%

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

Kentucky Medical Services Foundation, Inc. reported $33,498 in plan administrative expenses for 2022: 0.18% of average plan assets, below the peer median. Employer contributions averaged $5,862 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 1 year on file its reported administrative ratio rose from 0.18% to 0.37%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other administrative & support services employers. By assets it is the 332nd-largest of 871 plans among Kentucky employers on file, and the 700th of 2,534 in administrative & support services. In 2022, the employer put in $1.81 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$17,141,846
Participants with balances335
Active participants176
Employer contributions$1,031,704
Employee contributions$569,906
Employer contribution per active participant$5,862
Average account balance$51,170
Benefits paid to participants$1,248,591
Plan auditUnmodified (clean) audit opinion
AuditorDEAN DORTON ALLEN FORD
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$6.6M · 335 accts · $647K emplr
2022$17.1M · 335 accts · $1.0M emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$33,498
Total administrative$33,498
The Kentucky Medical Services Foundation, Inc. 401(k) match · 2022
Employer contribution per active participant$5,862
Median for plans this size$2,266

Kentucky Medical Services Foundation, Inc.'s 2022 employer contribution ran above the $2,266 median for plans its size, placing it in the top 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024Not separately reported
2023$43,637 · 0.37%
2022$33,498 · 0.18%
Same employer
Similar plansAdministrative & Support Services · Kentucky
Orr Corporation KY$60.2M · 0.03%
Swift & Staley Inc. KY$14.4M · 0.40%
United Communications, Inc. KY$10.5M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 610945743 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.