Plan Ledger DOL Form 5500 · updated monthly

Minnie Hamilton Health Care Center401(k)

MINNIE HAMILTON HEALTH CARE CENTER 401(K) PLAN · GRANTSVILLE, WV · plan year 2024

Reported admin expense ratio · 2024
0.63%

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

Minnie Hamilton Health Care Center reported $63,288 in plan administrative expenses for 2024: 0.63% of average plan assets, above the peer median. Employer contributions averaged $1,291 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 rose from 0.58% to 0.63%. 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 West Virginia (136th of 265), and the 5,549th of 11,911 in health care & social assistance. In 2024, employees put in $1.79 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,534,463
Participants with balances132
Active participants214
Employer contributions$276,333
Employee contributions$494,640
Employer contribution per active participant$1,291
Average account balance$79,807
Benefits paid to participants$801,099
Plan auditUnmodified (clean) audit opinion
AuditorGRAY GRIFFITH & MAYS, A.C.
Plan history3
Yearassets · accounts · employer contribution
2024$10.5M · 132 accts · $276K emplr
2023$9.4M · 140 accts · $275K emplr
2022$7.9M · 176 accts · $259K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$63,288
Total administrative$63,288
The Minnie Hamilton Health Care Center 401(k) match · 2024
Employer contribution per active participant$1,291
Median for plans this size$1,313
2024$1,291 per active participant
2023$1,285 per active participant
2022$1,214 per active participant

Minnie Hamilton Health Care Center'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
JOHN HANCOCK LIFE INS · Recordkeeping · Investment management$1,424
WILSHIRE ASSOCIATES · Investment advisory (participants)$2,039

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$63,288 · 0.63%
2023$53,521 · 0.62%
2022$49,417 · 0.58%
Same employer
Similar plansHealth Care & Social Assistance · West Virginia
Commercial Holdings, LLC WV$12.0M · 0.80%
Fmrs Health Systems, Inc. WV$10.0M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 550629032 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.