Plan Ledger DOL Form 5500 · updated monthly

Southeast Alabama Rural Health Associates403(b)

SOUTHEAST ALABAMA RURAL HEALTH ASSOCIATES 403(B) PLAN · TROY, AL · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Southeast Alabama Rural Health Associates reported $2,326 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,000 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 0.36% to 0.03%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Alabama (475th of 902), and 1,698th of 3,341 in other services. In 2024, employees put in $1.81 for every $1.00 the employer contributed; active participation has shrunk from 176 to 146 since 2022.

Plan summary
Net assets, end of year$9,543,708
Participants with balances178
Active participants146
Employer contributions$292,066
Employee contributions$529,716
Employer contribution per active participant$2,000
Average account balance$53,616
Benefits paid to participants$298,146
Plan auditUnmodified (clean) audit opinion
AuditorPEARCE BEVILL LEESBURG MOORE PC
Plan history3
Yearassets · accounts · employer contribution
2024$9.5M · 178 accts · $292K emplr
2023$8.0M · 179 accts · $286K emplr
2022$6.2M · 216 accts · $245K emplr
Administrative expenses, itemized · 2024
Investment management$2,326
Total administrative$2,326
Employer contributions to the Southeast Alabama Rural Health Associates plan · 2024
Employer contribution per active participant$2,000
Median for plans this size$1,313
2024$2,000 per active participant
2023$2,102 per active participant
2022$1,391 per active participant

Southeast Alabama Rural Health Associates'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.

Administrative cost history3
2024$2,326 · 0.03%
2023$825 · 0.01%
2022$23,195 · 0.36%
Similar plansOther Services · Alabama
Equal Justice Initiative AL$9.0M · 0.79%
United Ability, Inc. AL$8.2M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 631178135 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.