Plan Ledger DOL Form 5500 · updated monthly

Masonic Homes of Kentucky, Inc.403(b)

MASONIC HOMES OF KENTUCKY, INC. RETIREMENT SAVINGS PLAN · MASONIC HOME, KY · plan year 2023

Reported admin expense ratio · 2023
0.07%

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

Masonic Homes of Kentucky, Inc. reported $6,809 in plan administrative expenses for 2023: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $614 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 1 year on file its reported administrative ratio fell from 0.17% to 0.07%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Kentucky (451st of 871), and the 5,529th of 11,911 in health care & social assistance. In 2023, employees put in $2.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,624,411
Participants with balances265
Active participants649
Employer contributions$398,414
Employee contributions$796,119
Employer contribution per active participant$614
Average account balance$40,092
Benefits paid to participants$1,570,120
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$10.6M · 265 accts · $398K emplr
2022$9.6M · 271 accts · $369K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$6,802
Investment management$7
Total administrative$6,809
Employer contributions to the Masonic Homes of Kentucky, Inc. plan · 2023
Employer contribution per active participant$614
Median for plans this size$2,440
2023$614 per active participant
2022$184 per active participant

Masonic Homes of Kentucky, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
EMPOWER ADVISORY GROUP, LLC · Investment management$7
AMERIPRISE FINANCIAL SERVICES LLCindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history2
2023$6,809 · 0.07%
2022$17,915 · 0.17%
Same employer
Similar plansHealth Care & Social Assistance · Kentucky
Cumberland County Hospital KY$11.6M · 0.01%
Learning Grove, Inc. KY$10.4M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 610458374 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.