Plan Ledger DOL Form 5500 · updated monthly

Midwest Health, Inc.401(k)

MIDWEST HEALTH SERVICES RETIREMENT PLAN · TOPEKA, KS · plan year 2024

Reported admin expense ratio · 2024
0.93%

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

Midwest Health, Inc. reported $176,938 in plan administrative expenses for 2024: 0.93% of average plan assets, higher than ~90% of peers. Employer contributions averaged $170 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 0.93%. 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 299th-largest of 828 plans among Kansas employers on file, and the 3,720th of 11,911 in health care & social assistance. In 2024, employees put in $7.59 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,781,895
Participants with balances601
Active participants1,507
Employer contributions$256,372
Employee contributions$1,945,969
Employer contribution per active participant$170
Average account balance$32,915
Benefits paid to participants$2,351,714
Plan auditUnmodified (clean) audit opinion
AuditorBT&CO., P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$19.8M · 601 accts · $256K emplr
2023$18.1M · 604 accts · $264K emplr
2022$14.7M · 590 accts · $246K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$122,123
Investment management$54,815
Total administrative$176,938
The Midwest Health, Inc. 401(k) match · 2024
Employer contribution per active participant$170
Median for plans this size$2,416
2024$170 per active participant
2023$170 per active participant
2022$168 per active participant

Midwest Health, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20242
LINCOLN NATIONAL CORPORATION · Contract administrator$122,123
WELLS FARGO CLEARING SERVICES LLC · Other services$54,815

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$176,938 · 0.93%
2023$161,461 · 0.99%
2022$146,288 · 0.94%
Same employer
Similar plansHealth Care & Social Assistance · Kansas
Hospice, Inc. KS$18.1M · 0.01%
Lakeview Village, Inc. KS$17.2M · 0.62%
Heartland Cardiology, LLC KS$17.2M · 0.75%

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Source: U.S. Department of Labor, Form 5500 series, EIN 481247583 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.