Plan Ledger DOL Form 5500 · updated monthly

Salina Health Education Foundation, Inc.403(b)

SALINA HEALTH EDUCATION FOUNDATION, INC. 403(B) PLAN & TRUST · SALINA, KS · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Salina Health Education Foundation, Inc. reported $57,234 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $4,264 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 0.38% to 0.43%. 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 388th-largest of 828 plans among Kansas employers on file, and the 4,533rd of 11,911 in health care & social assistance. In 2024, employees put in $1.17 for every $1.00 the employer contributed; active participation has grown from 138 to 154 since 2022.

Plan summary
Net assets, end of year$14,787,165
Participants with balances175
Active participants154
Employer contributions$656,654
Employee contributions$771,277
Employer contribution per active participant$4,264
Average account balance$84,498
Benefits paid to participants$237,588
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.8M · 175 accts · $657K emplr
2023$12.0M · 158 accts · $611K emplr
2022$9.4M · 182 accts · $551K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,856
Investment management$54,378
Total administrative$57,234
The Salina Health Education Foundation, Inc. 401(k) match · 2024
Employer contribution per active participant$4,264
Median for plans this size$2,416
2024$4,264 per active participant
2023$4,098 per active participant
2022$3,993 per active participant

Salina Health Education Foundation, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20241
ALERUS FINANCIAL, N.A. · Recordkeeping · Pension consulting$57,233

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

Recordkeeper by year2
2024Alerus
2023Alerus

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

Administrative cost history3
2024$57,234 · 0.43%
2023$54,027 · 0.50%
2022$39,700 · 0.38%
Same employer
Similar plansHealth Care & Social Assistance · Kansas
The Eby Group, Inc. KS$16.0M · 0.51%
McPherson Hospital Inc. KS$16.0M · 0.92%
Hiawatha Community Hospital KS$15.6M · 0.42%
Root Laboratory, Inc. KS$15.2M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 480858197 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.