Plan Ledger DOL Form 5500 · updated monthly

Monument Health, Inc.403(b)

MONUMENT HEALTH, INC. 403(B) PLAN · RAPID CITY, SD · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Monument Health, Inc. reported $194,910 in plan administrative expenses for 2024: 0.06% of average plan assets, below the peer median. Employer contributions averaged $1,937 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 0.12% to 0.06%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 2nd-largest of 233 plans among South Dakota employers on file, and the 421st of 11,911 in health care & social assistance. In 2024, employees put in $2.80 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$364,776,662
Participants with balances8,393
Active participants5,494
Employer contributions$10,640,406
Employee contributions$29,821,960
Employer contribution per active participant$1,937
Average account balance$43,462
Benefits paid to participants$24,854,714
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$364.8M · 8,393 accts · $10.6M emplr
2023$300.9M · 7,863 accts · $11.7M emplr
2022$233.8M · 7,676 accts · $13.9M emplr
Administrative expenses, itemized · 2024
Investment management$167,864
Total administrative$194,910
Employer contributions to the Monument Health, Inc. plan · 2024
Employer contribution per active participant$1,937
Median for plans this size$4,294
2024$1,937 per active participant
2023$2,233 per active participant
2022$2,667 per active participant

Monument Health, Inc.'s 2024 employer contribution ran below the $4,294 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 · 20243
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$120,964
MEKETA INVESTMENT GROUP · Investment advisory (plan)$81,250
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect 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$194,910 · 0.06%
2023$310,627 · 0.12%
2022$292,610 · 0.12%
Similar plansHealth Care & Social Assistance · South Dakota
Saratoga Hospital NY$367.6M · 0.19%
Excela Health PA$364.9M · 0.09%
Sunrise Senior Living, LLC VA$360.1M · 0.49%
The Oregon Clinic, P.C. OR$360.0M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201487506 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.