What are the fees in the Simpson Community Healthcare 403(b) plan?

For plan year 2023, Simpson Community Healthcare reported $7,055 in plan administrative expenses, or 0.33% of average plan assets — below the peer median. Fund-level expense ratios are not included in public filings.

What is the average account balance in the Simpson Community Healthcare 401(k)?

The average participant account balance was $30,310 for plan year 2023, based on 78 accounts.

Simpson Community Healthcare403(b)

Name: Simpson Community Healthcare 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

SIMPSON GENERAL HOSPITAL 403(B) PLAN · MENDENHALL, MS · plan year 2023

Reported admin expense ratio · 2023

0.33%

Simpson Community Healthcare reported $7,055 in plan administrative expenses for 2023: 0.33% of average plan assets, below the peer median. 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 0.29% to 0.33%. 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 Mississippi (306th of 367), and 9,745th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$2,364,165
Participants with balances78
Active participants175
Employer contributions—
Employee contributions$201,321
Employer contribution per active participant—
Average account balance$30,310
Benefits paid to participants$19,890
Plan auditUnmodified (clean) audit opinion
AuditorHARPER, RAINS, KNIGHT & COMPANY

Plan history2

Yearassets · accounts · employer contribution

2023$2.4M · 78 accts

2022$1.9M · 72 accts

What these fees cost you

Your balance

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 · 20231

NATIONWIDE · Recordkeeping · Custodial (securities)$7,055

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

Administrative cost history2

2023$7,055 · 0.33%

2022$5,870 · 0.29%

Similar plansHealth Care & Social Assistance · Mississippi
Aaron E. Henry Community Health Services Center, Inc. MS$2.8M · 0.43%
Sentrycare, Inc. MS$2.7M · 0.56%
Daniel Health Care, Inc. MS$2.6M · 0.29%
Community Eldercare Services, LLC MS$2.6M · 1.71%
Golden Age, Inc. MS$2.3M · 0.01%
Mid-Delta Health Systems, Inc. MS$2.1M · 2.31%
Trend Consultants, LLC MS$2.0M · 2.49%
G.A. Carmichael Family Health MS$2.0M · 0.09%

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Fee benchmarks by plan size

Source: U.S. Department of Labor, Form 5500 series, EIN 870741588 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.