Plan Ledger DOL Form 5500 · updated monthly

Mid-Delta Health Systems, Inc.401(k)

401K EMPLOYEE RETIREMENT PLAN · BELZONI, MS · plan year 2023

Reported admin expense ratio · 2023
2.31%

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

Mid-Delta Health Systems, Inc. reported $46,160 in plan administrative expenses for 2023: 2.31% of average plan assets, higher than ~90% of peers. Employer contributions averaged $0 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 rose from 1.99% to 2.31%. 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 Mississippi (318th of 367), and 9,993rd of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$2,069,954
Participants with balances83
Active participants125
Employer contributions$0
Employee contributions$137,927
Employer contribution per active participant$0
Average account balance$24,939
Benefits paid to participants$260,430
Plan auditDisclaimer of opinion
AuditorWILLIAMS, WEISS, HESTER & CO., PLLC
Plan history2
Yearassets · accounts · employer contribution
2023$2.1M · 83 accts
2022$1.9M · 3 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$21,611
Investment management$15,049
Audit (IQPA)$9,500
Total administrative$46,160
The Mid-Delta Health Systems, Inc. 401(k) match · 2023
Employer contribution per active participant$0
Median for plans this size$1,308

Mid-Delta Health Systems, 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 · 20233
HERITAGE PENSION ADVISORS, LLC · Recordkeeping · Loan processing$16,728
BANKPLUS WEALTH MANAGEMENT · Investment advisory (participants) · Investment advisory (plan)$14,622
WILLIAMS WEISS HESTER AND CO · Accounting / audit$9,500

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$46,160 · 2.31%
2022$40,850 · 1.99%
Same employer
Similar plansHealth Care & Social Assistance · Mississippi
Daniel Health Care, Inc. MS$2.6M · 0.29%
Golden Age, Inc. MS$2.3M · 0.01%
Trend Consultants, LLC MS$2.0M · 2.49%
Dr. Lake Garner MS$1.6M · 1.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 640811249 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.