Plan Ledger DOL Form 5500 · updated monthly

Monroe Medical Foundation Inc dba Monroe County Medical Center403(b)

MONROE COUNTY MEDICAL CENTER RETIREMENT PLAN · TOMPKINSVILLE, KY · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Monroe Medical Foundation Inc dba Monroe County Medical Center reported $44,604 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $763 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 0.46% to 0.40%. 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 430th-largest of 871 plans among Kentucky employers on file, and the 5,224th of 11,911 in health care & social assistance. In 2024, employees put in $2.36 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,749,535
Participants with balances118
Active participants240
Employer contributions$183,131
Employee contributions$432,480
Employer contribution per active participant$763
Average account balance$99,572
Benefits paid to participants$858,204
Plan auditDisclaimer of opinion
AuditorTAYLOR, POLSON & COMPANY, PSC
Plan history3
Yearassets · accounts · employer contribution
2024$11.7M · 118 accts · $183K emplr
2023$10.5M · 114 accts · $170K emplr
2022$8.6M · 113 accts · $161K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,604
Total administrative$44,604
Employer contributions to the Monroe Medical Foundation Inc dba Monroe County Medical Center plan · 2024
Employer contribution per active participant$763
Median for plans this size$2,416
2024$763 per active participant
2023$731 per active participant
2022$678 per active participant

Monroe Medical Foundation Inc dba Monroe County Medical Center'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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$44,603
RAYMOND JAMES FINANCIAL SERVICES · Investment advisory (plan)indirect comp

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$44,604 · 0.40%
2023$46,243 · 0.48%
2022$44,320 · 0.46%
Same employer
Similar plansHealth Care & Social Assistance · Kentucky
Healthfirst Bluegrass Inc KY$12.9M · 0.31%
Stewart Home & School, LLC KY$12.7M · 0.34%
Cedar Lake Workforce, LLC KY$12.5M · 0.16%
Inlet Health, Inc. KY$12.3M · 0.82%
Cumberland County Hospital KY$11.6M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 310949874 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.