Plan Ledger DOL Form 5500 · updated monthly

Mental Health Association of South Central Kansas401(k)

MENTAL HEALTH ASSOCIATION OF SOUTH CENTRAL KANSAS 401(K) PLAN · WICHITA, KS · plan year 2024

Reported admin expense ratio · 2024
0.72%

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

Mental Health Association of South Central Kansas reported $21,557 in plan administrative expenses for 2024: 0.72% of average plan assets, above the peer median. Employer contributions averaged $270 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 0.39% to 0.72%. 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 (715th of 828), and 9,161st of 11,911 in health care & social assistance. In 2024, employees put in $7.45 for every $1.00 the employer contributed; active participation has shrunk from 189 to 160 since 2022.

Plan summary
Net assets, end of year$3,133,428
Participants with balances206
Active participants160
Employer contributions$43,237
Employee contributions$322,027
Employer contribution per active participant$270
Average account balance$15,211
Benefits paid to participants$404,868
Plan auditUnmodified (clean) audit opinion
AuditorALLEN, GIBBS & HOULIK, L.C.
Plan history3
Yearassets · accounts · employer contribution
2024$3.1M · 206 accts · $43K emplr
2023$2.8M · 204 accts · $19K emplr
2022$2.7M · 216 accts · $4K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,990
Investment management$6,903
Total administrative$21,557
The Mental Health Association of South Central Kansas 401(k) match · 2024
Employer contribution per active participant$270
Median for plans this size$1,313
2024$270 per active participant
2023$122 per active participant
2022$21 per active participant

Mental Health Association of South Central Kansas'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 · 20244
MENTAL HEALTH ASSOCIATION OF SOUTH$6,664
IMA ADVISORY SERVICES INC · Investment advisory (plan)$6,008
EMPOWER ADVISORY GROUP, LLC · Investment management$895

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$21,557 · 0.72%
2023$11,002 · 0.40%
2022$11,706 · 0.39%
Same employer
Similar plansHealth Care & Social Assistance · Kansas
Goodlife Innovations KS$2.8M · 0.33%
Mirror, Inc. KS$2.4M · 1.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 480990763 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.