Plan Ledger DOL Form 5500 · updated monthly

Knoxville Hospital and Clinics403(b)

KNOXVILLE HOSPITAL AND CLINICS TAX SHELTERED ANNUITY PLAN · KNOXVILLE, IA · plan year 2024

Reported admin expense ratio · 2024
0.83%

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

Knoxville Hospital and Clinics reported $131,969 in plan administrative expenses for 2024: 0.83% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,228 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 0.83%. 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 among the smaller plans on file in Iowa (440th of 878), and the 4,086th of 11,911 in health care & social assistance. In 2024, employees put in $1.67 for every $1.00 the employer contributed; active participation has grown from 282 to 329 since 2022.

Plan summary
Net assets, end of year$17,337,418
Participants with balances325
Active participants329
Employer contributions$732,878
Employee contributions$1,222,218
Employer contribution per active participant$2,228
Average account balance$53,346
Benefits paid to participants$1,445,186
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.3M · 325 accts · $733K emplr
2023$14.4M · 319 accts · $575K emplr
2022$11.8M · 297 accts · $505K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$131,969
Total administrative$131,969
Employer contributions to the Knoxville Hospital and Clinics plan · 2024
Employer contribution per active participant$2,228
Median for plans this size$2,416
2024$2,228 per active participant
2023$2,054 per active participant
2022$1,790 per active participant

Knoxville Hospital and Clinics'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 · 20246
THE FINWAY GROUP · Contract administrator$49,106
OSAIC WEALTH INC · Investment advisory (plan)$39,172
WORLD INVESTMENT ADVISORS$7,882
WOODBURY FINANCIAL SERVICES INC · Investment advisory (plan)$7,158
EMPOWER ADVISORY GROUP, LLC · Investment management$5,937

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$131,969 · 0.83%
2023$110,714 · 0.84%
2022$109,522 · 0.84%
Same employer
Similar plansHealth Care & Social Assistance · Iowa
21ST Century Rehab, PC IA$18.8M · 0.49%
Primary Health Care, Inc. IA$18.7M · 0.80%
Exceptional Persons, Inc. IA$17.1M · 0.39%
Unity Healthcare IA$17.1M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421087612 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.