Plan Ledger DOL Form 5500 · updated monthly

Pratt Regional Medical Center401(k)

PRATT REGIONAL MEDICAL CENTER 401(K) PROFIT SHARING PLAN · PRATT, KS · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

Pratt Regional Medical Center reported $106,750 in plan administrative expenses for 2024: 0.49% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,100 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 0.46% to 0.49%. 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 277th-largest of 828 plans among Kansas employers on file, and the 3,383rd of 11,911 in health care & social assistance. In 2024, employees put in $3.12 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,609,687
Participants with balances253
Active participants352
Employer contributions$387,267
Employee contributions$1,209,154
Employer contribution per active participant$1,100
Average account balance$89,366
Benefits paid to participants$2,793,742
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.6M · 253 accts · $387K emplr
2023$21.4M · 243 accts · $358K emplr
2022$19.4M · 251 accts · $344K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,738
Investment management$76,492
Trustee / custodial$3,685
Total administrative$106,750
The Pratt Regional Medical Center 401(k) match · 2024
Employer contribution per active participant$1,100
Median for plans this size$2,416
2024$1,100 per active participant
2023$1,077 per active participant
2022$1,010 per active participant

Pratt Regional Medical Center's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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
TWO WEST CAPITAL ADVISORS · Investment advisory (plan) · Trustee (discretionary)$76,492
BOKFNA, NA · Investment advisory (plan) · Trustee (discretionary)$30,258

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$106,750 · 0.49%
2023$91,234 · 0.45%
2022$102,568 · 0.46%
Similar plansHealth Care & Social Assistance · Kansas
Kansas Medical Center, LLC KS$26.1M · 0.43%
Valley Hope Association KS$24.0M · 0.02%
Midwest Health, Inc. KS$19.8M · 0.93%

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Source: U.S. Department of Labor, Form 5500 series, EIN 481058737 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.