Plan Ledger DOL Form 5500 · updated monthly

Mobridge Regional HospitalDC plan

EMPLOYEE BENEFIT PLAN OF MOBRIDGE REGIONAL HOSPITAL · MOBRIDGE, SD · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Mobridge Regional Hospital reported $3,210 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,052 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 0.011% to 0.015%. 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 77th-largest of 233 plans among South Dakota employers on file, and the 3,237th of 11,911 in health care & social assistance. In 2024, employees put in $1.80 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$24,143,530
Participants with balances286
Active participants248
Employer contributions$508,892
Employee contributions$914,498
Employer contribution per active participant$2,052
Average account balance$84,418
Benefits paid to participants$697,449
Plan auditDisclaimer of opinion
AuditorCAHILL BAUER & ASSOCIATES, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$24.1M · 286 accts · $509K emplr
2023$19.3M · 278 accts · $485K emplr
2022$15.6M · 272 accts · $470K emplr
Employer contributions to the Mobridge Regional Hospital plan · 2024
Employer contribution per active participant$2,052
Median for plans this size$2,416
2024$2,052 per active participant
2023$1,971 per active participant
2022$1,904 per active participant

Mobridge Regional Hospital'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 · 20241
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$4,328

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

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

Administrative cost history3
2024$3,210 · 0.01%
2023$2,431 · 0.01%
2022$1,883 · 0.01%
Similar plansHealth Care & Social Assistance · South Dakota
Big Stone Therapies, Inc. SD$23.0M · 0.45%
Vision Care Associates LLP SD$21.5M · 0.24%
Brown Clinic P.L.L.P. SD$19.6M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460255944 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.