Plan Ledger DOL Form 5500 · updated monthly

Marshall-Jackson Mental Health Board, Inc.401(k)

MARSHALL-JACKSON MENTAL HEALTH BOARD 401(K) RETIREMENT PLAN · GUNTERSVILLE, AL · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Marshall-Jackson Mental Health Board, Inc. reported $12,122 in plan administrative expenses for 2024: 0.21% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,335 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 0.68% to 0.21%. 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 Alabama (587th of 902), and 7,350th of 11,911 in health care & social assistance. In 2024, employees put in $1.28 for every $1.00 the employer contributed; active participation has grown from 116 to 129 since 2022.

Plan summary
Net assets, end of year$6,001,101
Participants with balances200
Active participants129
Employer contributions$172,201
Employee contributions$220,392
Employer contribution per active participant$1,335
Average account balance$30,006
Benefits paid to participants$759,988
Plan auditUnmodified (clean) audit opinion
AuditorMDA PROFESSIONAL GROUP P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$6.0M · 200 accts · $172K emplr
2023$5.7M · 153 accts · $133K emplr
2022$5.1M · 163 accts · $114K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,122
Total administrative$12,122
The Marshall-Jackson Mental Health Board, Inc. 401(k) match · 2024
Employer contribution per active participant$1,335
Median for plans this size$1,313
2024$1,335 per active participant
2023$1,147 per active participant
2022$981 per active participant

Marshall-Jackson Mental Health Board, Inc.'s 2024 employer contribution ran above 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 · 20244
RAYMOND JAMES · Investment advisory (plan)$17,107
DYATECH LLC · Contract administrator$925
RAYMOND JAMES & ASSOCIATES INCindirect 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$12,122 · 0.21%
2023$40,733 · 0.76%
2022$33,703 · 0.68%
Similar plansHealth Care & Social Assistance · Alabama
Surgery Center, Jv AL$6.4M · 0.09%
Health Services, Inc. AL$6.0M · 0.05%
Trinity Management, Inc. AL$5.9M · 1.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630638946 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.