Plan Ledger DOL Form 5500 · updated monthly

Madison County Hospital Health Systems, Inc.401(k)

MADISON COUNTY MEMORIAL HOSPITAL 401(K) SAVINGS PLAN · MADISON, FL · plan year 2022

Reported admin expense ratio · 2022
0.25%

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

Madison County Hospital Health Systems, Inc. reported $4,289 in plan administrative expenses for 2022: 0.25% of average plan assets, below the peer median. Employer contributions averaged $140 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Florida (3,212th of 3,644), and 10,400th of 11,911 in health care & social assistance. In 2022, employees put in $8.53 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,578,282
Participants with balances54
Active participants104
Employer contributions$14,533
Employee contributions$123,958
Employer contribution per active participant$140
Average account balance$29,227
Benefits paid to participants$109,402
Plan auditUnmodified (clean) audit opinion
AuditorDRAFFIN & TUCKER, LLP
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$622
Professional / advisory$3,667
Total administrative$4,289
The Madison County Hospital Health Systems, Inc. 401(k) match · 2022
Employer contribution per active participant$140
Median for plans this size$1,114

Madison County Hospital Health Systems, Inc.'s 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$4,289 · 0.25%
Similar plansHealth Care & Social Assistance · Florida
Aging Matters in Brevard FL$1.5M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592319288 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.