Plan Ledger DOL Form 5500 · updated monthly

Southeast Mississippi Rural Health Initiative, Inc.403(b)

SOUTHEAST MISSISSIPPI RURAL HEALTH INITIATIVE, INC. RETIREMENT PLAN · HATTIESBURG, MS · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Southeast Mississippi Rural Health Initiative, Inc. reported $7,120 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,758 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 0.04% to 0.05%. 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 125th-largest of 367 plans among Mississippi employers on file, and the 4,531st of 11,911 in health care & social assistance. In 2024, employees put in $1.66 for every $1.00 the employer contributed; active participation has grown from 213 to 265 since 2022.

Plan summary
Net assets, end of year$14,790,052
Participants with balances433
Active participants265
Employer contributions$465,864
Employee contributions$773,543
Employer contribution per active participant$1,758
Average account balance$34,157
Benefits paid to participants$1,241,857
Plan auditUnmodified (clean) audit opinion
AuditorMATTHEWS, CUTRER, AND LINDSAY, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$14.8M · 433 accts · $466K emplr
2023$13.1M · 451 accts · $1.1M emplr
2022$10.9M · 304 accts · $322K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$553
Investment management$6,567
Total administrative$7,120
Employer contributions to the Southeast Mississippi Rural Health Initiative, Inc. plan · 2024
Employer contribution per active participant$1,758
Median for plans this size$2,416
2024$1,758 per active participant
2023$3,755 per active participant
2022$1,513 per active participant

Southeast Mississippi Rural Health Initiative, Inc.'s 2024 employer contribution ran below the $2,416 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
VARIABLE ANNUITY LIFE INSURANCE CO · Recordkeeping · Custodial (securities)$8,460

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

Recordkeeper by year2
2024VARIABLE ANNUITY LIFE INSURANCE CO
2023VARIABLE ANNUITY LIFE INSURANCE CO

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

Administrative cost history3
2024$7,120 · 0.05%
2023$5,689 · 0.05%
2022$4,228 · 0.04%
Same employer
Similar plansHealth Care & Social Assistance · Mississippi

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Source: U.S. Department of Labor, Form 5500 series, EIN 640625076 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.