Plan Ledger DOL Form 5500 · updated monthly

Oconee Valley Healthcare Inc.401(k)

OCONEE VALLEY HEALTHCARE RETIREMENT PLAN · GREENSBORO, GA · plan year 2023

Reported admin expense ratio · 2023
0.78%

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

Oconee Valley Healthcare Inc. reported $17,333 in plan administrative expenses for 2023: 0.78% of average plan assets, above the peer median. Employer contributions averaged $953 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 1 year on file its reported administrative ratio rose from 0.07% to 0.78%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Georgia (1,915th of 2,160), and 9,864th of 11,911 in health care & social assistance. In 2023, employees put in $2.24 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,210,168
Participants with balances79
Active participants98
Employer contributions$93,425
Employee contributions$209,324
Employer contribution per active participant$953
Average account balance$27,977
Benefits paid to participants$162,093
Plan auditUnmodified (clean) audit opinion
AuditorLOVE BAILEY CPA
Plan history2
Yearassets · accounts · employer contribution
2023$2.2M · 79 accts · $93K emplr
2022$1.9M · 145 accts · $109K emplr
The Oconee Valley Healthcare Inc. 401(k) match · 2023
Employer contribution per active participant$953
Median for plans this size$1,308
2023$953 per active participant
2022$1,273 per active participant

Oconee Valley Healthcare Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
MUTUAL OF AMERICA SEC. CORP LLC · Recordkeeping · Loan processing$12,622
WILSHIRE ASSOCIATES INC. · Named fiduciary$839

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

Administrative cost history2
2023$17,333 · 0.78%
2022$1,347 · 0.07%
Similar plansHealth Care & Social Assistance · Georgia
Gold Cross Ems, Inc. GA$2.4M · 0.32%
Atlantic Homecare, Inc. GA$2.3M · 0.27%
Medical Associates Plus GA$2.2M · 1.05%
Select Health Care, Inc. GA$2.1M · 0.27%
Ghc Hospice GA$1.8M · 0.52%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 582639942 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.