Plan Ledger DOL Form 5500 · updated monthly

Mountainheart Community Services, Inc.Profit-sharing plan

MOUNTAINHEART COMMUNITY SERVICES, INC. PROFIT SHARING PLAN · OCEANA, WV · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Mountainheart Community Services, Inc. reported $6,750 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,985 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 0.13% to 0.06%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 131st-largest of 265 plans among West Virginia employers on file, and the 1,539th of 3,341 in other services. In 2024, the employer put in $9.75 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$11,338,335
Participants with balances269
Active participants213
Employer contributions$848,789
Employee contributions$87,094
Employer contribution per active participant$3,985
Average account balance$42,150
Benefits paid to participants$444,963
Plan auditDisclaimer of opinion
AuditorJOHN BURDETTE AND ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$11.3M · 269 accts · $849K emplr
2023$9.7M · 251 accts · $840K emplr
2022$8.1M · 234 accts · $735K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,750
Total administrative$6,750
Employer contributions to the Mountainheart Community Services, Inc. plan · 2024
Employer contribution per active participant$3,985
Median for plans this size$2,416
2024$3,985 per active participant
2023$4,080 per active participant
2022$3,693 per active participant

Mountainheart Community Services, Inc.'s 2024 employer contribution ran above 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 · 20244
NATIONWIDE$34,562
JOHN BURDETTE & ASSOCIATES · Accounting / audit$9,000
TRITON SERVICES CORPORATION · Consulting$7,029
MONEY CONCEPTS CAPITAL CORP · Securities brokerageindirect 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$6,750 · 0.06%
2023$19,450 · 0.22%
2022$11,400 · 0.13%
Similar plansOther Services · West Virginia
Nextgen Federal System, LLC WV$18.0M · 0.09%
Onyx Energy, LLC WV$3.1M · 0.66%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 550481419 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.