Plan Ledger DOL Form 5500 · updated monthly

King's Daughters Medical Center403(b)

KING'S DAUGHTERS MEDICAL CENTER RETIREMENT PLAN · BROOKHAVEN, MS · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

King's Daughters Medical Center reported $159,812 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $1,526 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 0.59% to 0.37%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 47th-largest of 367 plans among Mississippi employers on file, and the 2,035th of 11,911 in health care & social assistance. In 2024, employees put in $1.82 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$45,239,436
Participants with balances485
Active participants708
Employer contributions$1,080,716
Employee contributions$1,961,627
Employer contribution per active participant$1,526
Average account balance$93,277
Benefits paid to participants$3,657,481
Plan auditUnmodified (clean) audit opinion
AuditorHORNE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$45.2M · 485 accts · $1.1M emplr
2023$40.6M · 471 accts · $1.1M emplr
2022$36.5M · 629 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$61,329
Investment management$74,375
Trustee / custodial$24,108
Total administrative$159,812
Employer contributions to the King's Daughters Medical Center plan · 2024
Employer contribution per active participant$1,526
Median for plans this size$2,416
2024$1,526 per active participant
2023$1,382 per active participant
2022$1,375 per active participant

King's Daughters Medical Center's 2024 employer contribution ran below the $2,416 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 · 20245
MILLIMAN, INC. · Recordkeeping · Consulting$61,328
ROLAND CRISS FIDUCIARY SERVICES · Claims processing · Plan administrator$74,375
COREBRIDGE FINANCIAL, INC · Custodial (securities) · Trustee (directed)$13,243
CHARLES SCHWAB TRUST BANK · Custodial (securities) · Trustee (directed)$10,525
CHARLES SCHWAB & CO., INC. · Custodial (securities)indirect 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$159,812 · 0.37%
2023$149,521 · 0.39%
2022$237,110 · 0.59%
Same employer
Similar plansHealth Care & Social Assistance · Mississippi
Hattiesburg Clinic, P.A. MS$402.2M · 0.02%
Jackson Heart Clinic, P.A. MS$42.1M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 640333594 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.