Plan Ledger DOL Form 5500 · updated monthly

South Lyon Medical Center, Inc.403(b)

SOUTH LYON MEDICAL CENTER TAX DEFERRED ANNUITY PLAN · YERINGTON, NV · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

South Lyon Medical Center, Inc. reported $7,581 in plan administrative expenses for 2024: 0.16% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,230 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 fell from 0.74% to 0.16%. 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 Nevada (283rd of 437), and 7,859th of 11,911 in health care & social assistance. In 2024, employees put in $2.19 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,088,113
Participants with balances178
Active participants148
Employer contributions$182,101
Employee contributions$398,308
Employer contribution per active participant$1,230
Average account balance$28,585
Benefits paid to participants$451,848
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$5.1M · 178 accts · $182K emplr
2023$4.4M · 169 accts · $125K emplr
2022$4.1M · 167 accts · $114K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,832
Investment management$3,749
Total administrative$7,581
Employer contributions to the South Lyon Medical Center, Inc. plan · 2024
Employer contribution per active participant$1,230
Median for plans this size$1,313
2024$1,230 per active participant
2023$841 per active participant
2022$711 per active participant

South Lyon Medical Center, Inc.'s 2024 employer contribution ran below 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.

Administrative cost history3
2024$7,581 · 0.16%
2023$33,353 · 0.78%
2022$32,928 · 0.74%
Same employer
Similar plansHealth Care & Social Assistance · Nevada
Nevada Donor Network NV$9.6M · 0.79%
Community Health Alliance NV$6.0M · 1.15%
Three Square NV$4.0M · 0.87%

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Source: U.S. Department of Labor, Form 5500 series, EIN 880256932 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.