Plan Ledger DOL Form 5500 · updated monthly

Rummel Memorial Home, Inc.403(b)

DOW RUMMEL VILLAGE 403(B) PLAN · SIOUX FALLS, SD · plan year 2023

Reported admin expense ratio · 2023
0.47%

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

Rummel Memorial Home, Inc. reported $17,460 in plan administrative expenses for 2023: 0.47% of average plan assets, below the peer median. Employer contributions averaged $344 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 3 years on file its reported administrative ratio has held roughly steady near 0.43%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in South Dakota (198th of 233), and 8,451st of 11,911 in health care & social assistance. In 2023, employees put in $3.28 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,141,893
Participants with balances126
Active participants258
Employer contributions$88,871
Employee contributions$291,602
Employer contribution per active participant$344
Average account balance$32,872
Benefits paid to participants$96,423
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.0M · 196 accts · $255K emplr
2023$4.1M · 126 accts · $89K emplr
2022$3.3M · 126 accts · $88K emplr
Administrative expenses, itemized · 2023
Investment management$17,460
Total administrative$17,460
Employer contributions to the Rummel Memorial Home, Inc. plan · 2023
Employer contribution per active participant$344
Median for plans this size$1,308
2024$867 per active participant
2023$344 per active participant
2022$342 per active participant

Rummel Memorial Home, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
NATIONWIDE · Recordkeeping · Custodial$14,436
DEFINITI, LLC · Contract administrator$2,780
AMERIPRISE FINANCIAL SERVICES · Investment advisory (participants) · Investment advisory (plan)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
2024FIRST BANK & TRUST
2023Nationwide

This plan has changed recordkeepers within these filings. If you left Rummel Memorial Home, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$17,752 · 0.43%
2023$17,460 · 0.47%
2022$14,983 · 0.42%
Same employer
Similar plansHealth Care & Social Assistance · South Dakota
Our Home, Inc. SD$5.5M · 0.50%
Lantis Enterprises, Inc. SD$5.3M · 0.99%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460271277 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.