Plan Ledger DOL Form 5500 · updated monthly

Meridian Health Services Corp.401(k)

MERIDIAN HEALTH SERVICES CORP 401(K) PLAN · MUNCIE, IN · plan year 2024

Reported admin expense ratio · 2024
0.68%

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

Meridian Health Services Corp. reported $271,732 in plan administrative expenses for 2024: 0.68% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,229 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 3 years on file its reported administrative ratio has held roughly steady near 0.684%. 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 326th-largest of 1,562 plans among Indiana employers on file, and the 2,120th of 11,911 in health care & social assistance. In 2024, employees put in $1.65 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$42,729,259
Participants with balances1,052
Active participants1,135
Employer contributions$2,530,009
Employee contributions$4,179,569
Employer contribution per active participant$2,229
Average account balance$40,617
Benefits paid to participants$6,721,249
Plan auditUnmodified (clean) audit opinion
AuditorWHITINGER & COMPANY LLC
Plan history3
Yearassets · accounts · employer contribution
2024$42.7M · 1,052 accts · $2.5M emplr
2023$36.7M · 1,391 accts · $2.0M emplr
2022$30.6M · 1,347 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$271,732
Total administrative$271,732
The Meridian Health Services Corp. 401(k) match · 2024
Employer contribution per active participant$2,229
Median for plans this size$2,416
2024$2,229 per active participant
2023$1,729 per active participant
2022$1,763 per active participant

Meridian Health Services Corp.'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
AMERICAN UNITED LIFE INSURANCE CO · Recordkeeping · Participant communication$5,263
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$281,450
ONEAMERICA RETIREMENT SERVICES LLC · Plan administrator · Named fiduciary$7,990

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$271,732 · 0.68%
2023$206,468 · 0.61%
2022$225,781 · 0.68%
Same employer
Similar plansHealth Care & Social Assistance · Indiana
Medworks, Inc. IN$45.2M · 0.15%
Heart of Cardon LLC IN$36.7M · 0.79%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351302836 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.