Plan Ledger DOL Form 5500 · updated monthly

Pana Community Hospital Association403(b)

PANA COMMUNITY HOSPITAL EMPLOYEES' TAX DEFERRED ANNUITY PLAN · PANA, IL · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Pana Community Hospital Association reported $69,357 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $1,742 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 0.21% to 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,443rd-largest of 3,702 plans among Illinois employers on file, and the 3,054th of 11,911 in health care & social assistance. In 2024, employees put in $2.45 for every $1.00 the employer contributed; active participation has grown from 251 to 329 since 2022.

Plan summary
Net assets, end of year$26,276,882
Participants with balances302
Active participants329
Employer contributions$573,282
Employee contributions$1,404,325
Employer contribution per active participant$1,742
Average account balance$87,010
Benefits paid to participants$1,616,184
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$26.3M · 302 accts · $573K emplr
2023$22.6M · 285 accts · $461K emplr
2022$19.8M · 269 accts · $383K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$69,357
Total administrative$69,357
Employer contributions to the Pana Community Hospital Association plan · 2024
Employer contribution per active participant$1,742
Median for plans this size$2,416
2024$1,742 per active participant
2023$1,706 per active participant
2022$1,526 per active participant

Pana Community Hospital Association's 2024 employer contribution ran below 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$69,357
RAYMOND JAMES & ASSOCIATES, INC. · Investment advisory (plan)indirect 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$69,357 · 0.28%
2023$63,470 · 0.30%
2022$44,702 · 0.21%
Same employer
Similar plansHealth Care & Social Assistance · Illinois
Surgalign Technologies, Inc IL$27.1M · 0.30%
Gateway Foundation, Inc. IL$26.5M · 0.25%
Humboldt Park Health IL$25.9M · 0.39%
Vna Health Care IL$25.6M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 376062326 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.