Plan Ledger DOL Form 5500 · updated monthly

Midland Care Connection Inc.403(b)

MIDLAND CARE CONNECTION RETIREMENT PLAN · TOPEKA, KS · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Midland Care Connection Inc. reported $33,268 in plan administrative expenses for 2024: 0.40% of average plan assets, below the peer median. Employer contributions averaged $911 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 0.44% to 0.40%. 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 (509th of 828), and 5,958th of 11,911 in health care & social assistance. In 2024, employees put in $2.31 for every $1.00 the employer contributed; active participation has grown from 459 to 565 since 2022.

Plan summary
Net assets, end of year$9,262,261
Participants with balances383
Active participants565
Employer contributions$514,505
Employee contributions$1,189,573
Employer contribution per active participant$911
Average account balance$24,183
Benefits paid to participants$772,572
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.3M · 383 accts · $515K emplr
2023$7.3M · 440 accts · $335K emplr
2022$5.4M · 368 accts · $328K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,323
Investment management$24,945
Total administrative$33,268
Employer contributions to the Midland Care Connection Inc. plan · 2024
Employer contribution per active participant$911
Median for plans this size$1,313
2024$911 per active participant
2023$607 per active participant
2022$715 per active participant

Midland Care Connection Inc.'s 2024 employer contribution ran below the $1,313 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 · 20242
AMERICAN UNITED LIFE INSURANCE CO · Recordkeeping · Participant communication$8,323
EDWARD D JONES AND CO · Investment advisory (participants) · Investment advisory (plan)$24,945

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024OneAmerica
2023OneAmerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$33,268 · 0.40%
2023$29,055 · 0.46%
2022$25,087 · 0.44%
Same employer
Similar plansHealth Care & Social Assistance · Kansas
Pivotal Health Care, LLC KS$10.6M · 0.99%
Family Medcenters, P.A. KS$10.0M · 0.48%
Central Care, P.A. KS$9.8M · 0.20%
Dccca, Inc. KS$9.1M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 480883888 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.