Plan Ledger DOL Form 5500 · updated monthly

Pendleton Nursing Home, Inc.Money purchase plan

PENDLETON NURSING HOME, INC. PENSION PLAN · FRANKLIN, WV · plan year 2024

Reported admin expense ratio · 2024
0.72%

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

Pendleton Nursing Home, Inc. reported $21,493 in plan administrative expenses for 2024: 0.72% of average plan assets, above the peer median. Employer contributions averaged $1,633 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 0.68% to 0.72%. 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 West Virginia (218th of 265), and 9,158th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$3,134,467
Participants with balances142
Active participants107
Employer contributions$174,696
Employee contributions—
Employer contribution per active participant$1,633
Average account balance$22,074
Benefits paid to participants$301,216
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.1M · 142 accts · $175K emplr
2023$2.8M · 141 accts · $160K emplr
2022$2.9M · 131 accts · $156K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,493
Total administrative$21,493
Employer contributions to the Pendleton Nursing Home, Inc. plan · 2024
Employer contribution per active participant$1,633
Median for plans this size$1,313
2024$1,633 per active participant
2023$1,441 per active participant
2022$1,558 per active participant

Pendleton Nursing Home, Inc.'s 2024 employer contribution ran above the $1,313 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.

Administrative cost history3
2024$21,493 · 0.72%
2023$20,490 · 0.72%
2022$21,027 · 0.68%
Similar plansHealth Care & Social Assistance · West Virginia
Hospice Care Corporation WV$3.8M · 1.19%
Wv Therapy Services, LLC WV$3.6M · 0.03%
The Potomac Center, Inc. WV$3.1M · 0.17%
Fox Nursing Home, Inc. WV$2.6M · 1.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 550547603 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.