Plan Ledger DOL Form 5500 · updated monthly

Lake Regional Health System401(k)

LAKE REGIONAL HEALTH SYSTEM EMPLOYEES' RETIREMENT PLAN · OSAGE BEACH, MO · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Lake Regional Health System reported $242,276 in plan administrative expenses for 2024: 0.22% of average plan assets, above the peer median. Employer contributions averaged $2,003 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 0.23% to 0.22%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 167th-largest of 1,393 plans among Missouri employers on file, and the 967th of 11,911 in health care & social assistance. In 2024, employees put in $2.21 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$116,813,207
Participants with balances1,693
Active participants1,452
Employer contributions$2,908,791
Employee contributions$6,437,873
Employer contribution per active participant$2,003
Average account balance$68,998
Benefits paid to participants$10,898,048
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$116.8M · 1,693 accts · $2.9M emplr
2023$103.3M · 1,709 accts · $2.7M emplr
2022$85.6M · 1,639 accts · $10K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$148,598
Investment management$93,678
Total administrative$242,276
The Lake Regional Health System 401(k) match · 2024
Employer contribution per active participant$2,003
Median for plans this size$3,635
2024$2,003 per active participant
2023$1,925 per active participant
2022$7 per active participant

Lake Regional Health System's 2024 employer contribution ran below the $3,635 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$148,598
MONETA GROUP INVESTMENT · Investment advisory (plan)$93,678

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$242,276 · 0.22%
2023$226,108 · 0.24%
2022$225,982 · 0.23%
Same employer
Similar plansHealth Care & Social Assistance · Missouri
Boone Health, Inc. MO$159.1M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 237339737 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.