Plan Ledger DOL Form 5500 · updated monthly

Madison-Haywood Developmental Serv403(b)

MADISON-HAYWOOD DEVELOPMENTAL SERVICES, INC. RETIREMENT PLAN · JACKSON, TN · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Madison-Haywood Developmental Serv reported $8,709 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $592 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 rose from 0.20% to 0.24%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Tennessee (1,149th of 1,496), and 2,459th of 3,341 in other services. In 2024, employees put in $1.35 for every $1.00 the employer contributed; active participation has grown from 372 to 427 since 2022.

Plan summary
Net assets, end of year$4,070,773
Participants with balances153
Active participants427
Employer contributions$252,888
Employee contributions$340,178
Employer contribution per active participant$592
Average account balance$26,606
Benefits paid to participants$197,989
Plan auditUnmodified (clean) audit opinion
AuditorATA, PC
Plan history3
Yearassets · accounts · employer contribution
2024$4.1M · 153 accts · $253K emplr
2023$3.3M · 155 accts · $251K emplr
2022$2.7M · 150 accts · $197K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,709
Total administrative$8,709
Employer contributions to the Madison-Haywood Developmental Serv plan · 2024
Employer contribution per active participant$592
Median for plans this size$1,313
2024$592 per active participant
2023$590 per active participant
2022$531 per active participant

Madison-Haywood Developmental Serv's 2024 employer contribution ran below the $1,313 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 · 20241
MORNINGSTAR · Investment advisory (plan)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$8,709 · 0.24%
2023$6,692 · 0.22%
2022$5,177 · 0.20%
Same employer
Similar plansOther Services · Tennessee
Fellowship Bible Church TN$3.9M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621046018 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.