Plan Ledger DOL Form 5500 · updated monthly

Randolph Health, Inc.403(b)

RANDOLPH HEALTH 403(B) PLAN · ASHEBORO, NC · plan year 2022

Reported admin expense ratio · 2022
0.36%

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

Randolph Health, Inc. reported $21,626 in plan administrative expenses for 2022: 0.36% of average plan assets, below the peer median. Employer contributions averaged $32 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 0.36% to 0.92%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in North Carolina (1,564th of 2,005), and 8,546th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$4,015,433
Participants with balances406
Active participants365
Employer contributions$11,674
Employee contributions—
Employer contribution per active participant$32
Average account balance$9,890
Benefits paid to participants$3,287,958
Plan auditQualified audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$3.1M · 193 accts
2022$4.0M · 406 accts · $12K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$21,626
Total administrative$21,626
Employer contributions to the Randolph Health, Inc. plan · 2022
Employer contribution per active participant$32
Median for plans this size$1,114

Randolph Health, Inc.'s 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$32,921 · 0.92%
2022$21,626 · 0.36%
Similar plansHealth Care & Social Assistance · North Carolina
Penick Village, Inc. NC$4.1M · 0.31%
Resources for Seniors NC$4.1M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560530234 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.