Plan Ledger DOL Form 5500 · updated monthly

Pioneer Memorial Hospital & Health Services403(b)

PIONEER MEMORIAL RETIREMENT PLAN · VIBORG, SD · plan year 2024

Reported admin expense ratio · 2024
0.81%

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

Pioneer Memorial Hospital & Health Services reported $29,390 in plan administrative expenses for 2024: 0.81% of average plan assets, above the peer median. Employer contributions averaged $810 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 0.53% to 0.81%. 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 South Dakota (201st of 233), and 8,643rd of 11,911 in health care & social assistance. In 2024, employees put in $1.90 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,862,530
Participants with balances178
Active participants151
Employer contributions$122,364
Employee contributions$232,197
Employer contribution per active participant$810
Average account balance$21,700
Benefits paid to participants$507,279
Plan auditUnmodified (clean) audit opinion
AuditorEIDE BAILLY LLC
Plan history3
Yearassets · accounts · employer contribution
2024$3.9M · 178 accts · $122K emplr
2023$3.4M · 173 accts · $111K emplr
2022$2.6M · 172 accts · $110K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,822
Investment management$14,568
Total administrative$29,390
Employer contributions to the Pioneer Memorial Hospital & Health Services plan · 2024
Employer contribution per active participant$810
Median for plans this size$1,313
2024$810 per active participant
2023$704 per active participant
2022$735 per active participant

Pioneer Memorial Hospital & Health Services's 2024 employer contribution ran below 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.

Service providers · 20243
GALLAGHER BENEFIT SERVICES INC DBA · Investment advisory (plan)$13,588
EMPOWER ADVISORY GROUP, LLC · Investment management$980

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$29,390 · 0.81%
2023$16,066 · 0.53%
2022Not separately reported
Similar plansHealth Care & Social Assistance · South Dakota
Lantis Enterprises, Inc. SD$5.3M · 0.99%
Pathways La CA$3.9M · 0.04%
Mind 24-7, LLC AZ$3.9M · 1.82%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460260288 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.