Plan Ledger DOL Form 5500 · updated monthly

Noland Health Services, Inc.401(k)

NOLAND HEALTH SERVICES 401K PLAN · BIRMINGHAM, AL · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Noland Health Services, Inc. reported $30,224 in plan administrative expenses for 2024: 0.39% of average plan assets, below the peer median. Employer contributions averaged $496 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 0.29% to 0.39%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Alabama (507th of 902), and 6,300th of 11,911 in health care & social assistance. In 2024, employees put in $3.17 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,364,413
Participants with balances984
Active participants830
Employer contributions$411,294
Employee contributions$1,302,948
Employer contribution per active participant$496
Average account balance$8,500
Benefits paid to participants$1,229,216
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.4M · 984 accts · $411K emplr
2023$7.0M · 894 accts · $397K emplr
2022$5.4M · 816 accts · $336K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,224
Total administrative$30,224
The Noland Health Services, Inc. 401(k) match · 2024
Employer contribution per active participant$496
Median for plans this size$1,313
2024$496 per active participant
2023$549 per active participant
2022$412 per active participant

Noland Health Services, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20241
PRINCIPAL LIFE INSURANCE · Contract administrator · Loan processing$30,734

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$30,224 · 0.39%
2023$15,409 · 0.25%
2022$16,705 · 0.29%
Same employer
Similar plansHealth Care & Social Assistance · Alabama
Oral Arts Laboratory, Inc. AL$10.0M · 0.49%
Northstar Ems, Inc. AL$6.7M · 0.89%
Surgery Center, Jv AL$6.4M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630308739 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.