Plan Ledger DOL Form 5500 · updated monthly

Mental Health Services for Clark and Madison Counties Inc403(b)

MHSCMC 403(B) PLAN · SPRINGFIELD, OH · plan year 2023

Reported admin expense ratio · 2023
0.01%

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

Mental Health Services for Clark and Madison Counties Inc reported $699 in plan administrative expenses for 2023: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $633 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 0.04% to 0.01%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Ohio (2,314th of 3,295), and 6,905th of 11,911 in health care & social assistance. In 2023, employees put in $2.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,923,559
Participants with balances109
Active participants245
Employer contributions$154,986
Employee contributions$331,752
Employer contribution per active participant$633
Average account balance$63,519
Benefits paid to participants$593,480
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.6M · 112 accts · $156K emplr
2023$6.9M · 109 accts · $155K emplr
2022$6.3M · 114 accts · $156K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$699
Total administrative$699
Employer contributions to the Mental Health Services for Clark and Madison Counties Inc plan · 2023
Employer contribution per active participant$633
Median for plans this size$1,308
2024$670 per active participant
2023$633 per active participant
2022$599 per active participant

Mental Health Services for Clark and Madison Counties Inc's 2023 employer contribution ran below the $1,308 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 · 20231
LINCOLN NATIONAL CORPORATION · Contract administrator · Investment advisory (plan)$699

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$738 · 0.01%
2023$699 · 0.01%
2022$2,924 · 0.04%
Same employer
Similar plansHealth Care & Social Assistance · Ohio

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Source: U.S. Department of Labor, Form 5500 series, EIN 310787073 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.