Plan Ledger DOL Form 5500 · updated monthly

Montana Health Network401(k)

MONTANA HEALTH NETWORK 401(K) PLAN · MILES CITY, MT · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Montana Health Network reported $280,220 in plan administrative expenses for 2024: 0.53% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,375 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 0.53%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 24th-largest of 229 plans among Montana employers on file, and the 411th of 3,341 in other services. In 2024, employees put in $2.60 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$53,063,788
Participants with balances1,181
Active participants1,143
Employer contributions$1,571,551
Employee contributions$4,080,309
Employer contribution per active participant$1,375
Average account balance$44,931
Benefits paid to participants$4,502,960
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$53.1M · 1,181 accts · $1.6M emplr
2023$52.9M · 1,418 accts · $1.7M emplr
2022$44.2M · 1,432 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$189,543
Total administrative$280,220
The Montana Health Network 401(k) match · 2024
Employer contribution per active participant$1,375
Median for plans this size$3,635
2024$1,375 per active participant
2023$1,342 per active participant
2022$1,346 per active participant

Montana Health Network's 2024 employer contribution ran below the $3,635 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 · 20244
TRANSAMERICA FINANCIAL LIFE INS CO · Recordkeeping · Loan processing$168,709
PINNACLE FINANCIAL SERVICES, INC. · Recordkeeping · Loan processing$20,834
FIRST INTERSTATE BANK OF COMMERCE T · Investment advisory (plan)$90,469

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

Recordkeeper by year2
2024PINNACLE FINANCIAL SERVICES, INC., Transamerica
2023PINNACLE FINANCIAL SERVICES, INC., Transamerica

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

Administrative cost history3
2024$280,220 · 0.53%
2023$271,707 · 0.56%
2022$256,547 · 0.54%
Same employer
Similar plansOther Services · Montana
Henley Enterprises, Inc. MA$53.8M · 0.41%
Planet Equity Group, LLC IL$53.3M · 0.49%
Children's Miracle Network UT$53.3M · 0.26%
Bay Equity, LLC CA$52.1M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 810440728 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.