Plan Ledger DOL Form 5500 · updated monthly

Owsley County Health Care Center, Inc.403(b)

OWSLEY COUNTY HEALTH CARE CENTER, INC. 403(B) RETIREMENT PLAN · BOONEVILLE, KY · plan year 2022

Reported admin expense ratio · 2022
2.30%

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

Owsley County Health Care Center, Inc. reported $11,550 in plan administrative expenses for 2022: 2.30% of average plan assets, higher than ~75% of peers. Employer contributions averaged $575 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.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Kentucky (858th of 871), and 11,396th of 11,911 in health care & social assistance. In 2022, employees put in $1.11 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$466,488
Participants with balances51
Active participants91
Employer contributions$52,305
Employee contributions$58,204
Employer contribution per active participant$575
Average account balance$9,147
Benefits paid to participants$93,333
Plan auditUnmodified (clean) audit opinion
AuditorMONROE SHINE & CO., INC.
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$11,550
Total administrative$11,550
Employer contributions to the Owsley County Health Care Center, Inc. plan · 2022
Employer contribution per active participant$575
Median for plans this size$331

Owsley County Health Care Center, Inc.'s 2022 employer contribution ran above the $331 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$11,550 · 2.30%
Similar plansHealth Care & Social Assistance · Kentucky
McCloud Inc. KY$470K · 0.23%
The Reach Corporation KY$449K · 0.86%
Lifeline Homecare, Inc. KY$392K · 0.62%
Pillar KY$278K · 0.97%

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Source: U.S. Department of Labor, Form 5500 series, EIN 610984463 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.