Plan Ledger DOL Form 5500 · updated monthly

Manhattan Retirement Foundation, In401(k)

MEADOWLARK HILLS EMPLOYEES SAVINGS TRUST · MANHATTAN, KS · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Manhattan Retirement Foundation, In reported $36,104 in plan administrative expenses for 2024: 0.52% of average plan assets, below the peer median. Employer contributions averaged $674 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 0.35% to 0.52%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Kansas (572nd of 828), and 6,644th of 11,911 in health care & social assistance. In 2024, employees put in $1.69 for every $1.00 the employer contributed; active participation has grown from 278 to 335 since 2022.

Plan summary
Net assets, end of year$7,533,291
Participants with balances115
Active participants335
Employer contributions$225,710
Employee contributions$380,389
Employer contribution per active participant$674
Average account balance$65,507
Benefits paid to participants$509,107
Plan auditUnmodified (clean) audit opinion
AuditorVARNEY & ASSOCIATES, CPAS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$7.5M · 115 accts · $226K emplr
2023$6.4M · 119 accts · $182K emplr
2022$5.3M · 112 accts · $181K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,707
Investment management$17,397
Total administrative$36,104
The Manhattan Retirement Foundation, In 401(k) match · 2024
Employer contribution per active participant$674
Median for plans this size$1,313
2024$674 per active participant
2023$574 per active participant
2022$650 per active participant

Manhattan Retirement Foundation, In's 2024 employer contribution ran below the $1,313 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 · 20243
ONEAMERICA RETIREMENT SERVICES · Recordkeeping · Loan processing$18,707
GALLAGHER FIDUCIARY ADVISORS, LLC · Investment advisory (plan)$17,329
MATRIX TRUST COMPANY · Custodial · 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.

Recordkeeper by year2
2024OneAmerica
2023OneAmerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$36,104 · 0.52%
2023$29,556 · 0.51%
2022$21,235 · 0.35%
Same employer
Similar plansHealth Care & Social Assistance · Kansas
Apostolic Christian Home KS$8.3M · 0.00%
Prairie View, Inc. KS$7.7M · 0.66%
Emberhope, Inc. KS$6.8M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 480830076 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.