Plan Ledger DOL Form 5500 · updated monthly

Memorial Health Care Systems403(b)

MEMORIAL HEALTH CARE SYSTEMS TAX DEFERRED ANNUITY PLAN · SEWARD, NE · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Memorial Health Care Systems reported $46,999 in plan administrative expenses for 2024: 0.14% of average plan assets, below the peer median. Employer contributions averaged $2,343 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 0.15% to 0.14%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 165th-largest of 565 plans among Nebraska employers on file, and the 2,396th of 11,911 in health care & social assistance. In 2024, employees put in $2.37 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$36,470,053
Participants with balances256
Active participants281
Employer contributions$658,394
Employee contributions$1,557,863
Employer contribution per active participant$2,343
Average account balance$142,461
Benefits paid to participants$1,752,967
Plan auditUnmodified (clean) audit opinion
AuditorGABRIEL BURGER ELSE CPA PC
Plan history3
Yearassets · accounts · employer contribution
2024$36.5M · 256 accts · $658K emplr
2023$31.8M · 263 accts · $666K emplr
2022$26.6M · 257 accts · $658K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$46,999
Total administrative$46,999
Employer contributions to the Memorial Health Care Systems plan · 2024
Employer contribution per active participant$2,343
Median for plans this size$2,416
2024$2,343 per active participant
2023$2,327 per active participant
2022$2,438 per active participant

Memorial Health Care Systems's 2024 employer contribution ran below the $2,416 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$46,998
PRINCIPAL SECURITIES INC · Investment advisory (plan)indirect comp
WILSHIRE ADVISORS LLC · 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$46,999 · 0.14%
2023$39,077 · 0.13%
2022$42,352 · 0.15%
Same employer
Similar plansHealth Care & Social Assistance · Nebraska
Lincoln Surgery Center, LLC NE$39.7M · 0.09%
Midwest Eye Care, P.C. NE$33.5M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 470375220 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.