Plan Ledger DOL Form 5500 · updated monthly

Progressive Medical Enterprise LLC401(k)

PROGRESSIVE HEALTH SYSTEMS, INC. 401(K) PLAN · BATESVILLE, MS · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Progressive Medical Enterprise LLC reported $16,054 in plan administrative expenses for 2024: 0.54% of average plan assets, above the peer median. Employer contributions averaged $1,785 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 0.11% to 0.54%. 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 Mississippi (273rd of 367), and 8,779th of 11,911 in health care & social assistance. In 2024, employees put in $1.24 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,676,313
Participants with balances456
Active participants331
Employer contributions$590,785
Employee contributions$731,612
Employer contribution per active participant$1,785
Average account balance$8,062
Benefits paid to participants$314,071
Plan auditUnmodified (clean) audit opinion
AuditorCARR RIGGS & INGRAM
Plan history2
Yearassets · accounts · employer contribution
2024$3.7M · 456 accts · $591K emplr
2023$2.2M · 310 accts · $210K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,054
Total administrative$16,054
The Progressive Medical Enterprise LLC 401(k) match · 2024
Employer contribution per active participant$1,785
Median for plans this size$1,313
2024$1,785 per active participant
2023$601 per active participant

Progressive Medical Enterprise LLC'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.

Service providers · 20243
MILLIMAN, INC. · Recordkeeping · Pension consulting$16,054
CHARLES SCHWAB TRUST BANK · Custodial (securities) · Trustee (directed)$16
CHARLES SCHWAB & CO, INC. · Custodial (securities) · Trustee (directed)indirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Milliman
2023Milliman

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history2
2024$16,054 · 0.54%
2023$2,470 · 0.11%
Similar plansHealth Care & Social Assistance · Mississippi
Magee General Hospital MS$3.7M · 0.75%
Sentrycare, Inc. MS$2.7M · 0.56%
Daniel Health Care, Inc. MS$2.6M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 880977895 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.