Plan Ledger DOL Form 5500 · updated monthly

Siouxland Mental Health Services, Inc.401(k)

403(B) THRIFT PLAN FOR EMPLOYEES OF SIOUXLAND MENTAL HEALTH SERVICES, INC. · SIOUX CITY, IA · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Siouxland Mental Health Services, Inc. reported $617 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,325 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 0.007% to 0.011%. 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 Iowa (680th of 878), and 7,506th of 11,911 in health care & social assistance. In 2024, employees put in $1.66 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,735,834
Participants with balances121
Active participants142
Employer contributions$188,101
Employee contributions$311,388
Employer contribution per active participant$1,325
Average account balance$47,404
Benefits paid to participants$531,409
Plan auditUnmodified (clean) audit opinion
AuditorKING, REINSCH, PROSSER & CO., L.L.P
Plan history2
Yearassets · accounts · employer contribution
2024$5.7M · 121 accts · $188K emplr
2022$4.5M · 99 accts · $161K emplr
The Siouxland Mental Health Services, Inc. 401(k) match · 2024
Employer contribution per active participant$1,325
Median for plans this size$1,313
2024$1,325 per active participant
2022$1,319 per active participant

Siouxland Mental Health Services, Inc.'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 · 20241
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$856

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

Administrative cost history2
2024$617 · 0.01%
2022$328 · 0.01%
Same employer
Similar plansHealth Care & Social Assistance · Iowa
Infinity Health IA$6.1M · 0.04%
Optimae Liefservices Inc IA$5.9M · 0.60%
The Meth-Wick Community IA$5.7M · 0.90%
Tanager Place IA$5.6M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 426122297 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.