Plan Ledger DOL Form 5500 · updated monthly

Southern Highlands Community Mental Health Center, Inc.403(b)

SHCMHC 403(B) PLAN · PRINCETON, WV · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Southern Highlands Community Mental Health Center, Inc. reported $12,080 in plan administrative expenses for 2024: 0.36% of average plan assets, below the peer median. Employer contributions averaged $876 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 0.03% to 0.36%. 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 West Virginia (210th of 265), and 8,717th of 11,911 in health care & social assistance. In 2024, employees put in $1.63 for every $1.00 the employer contributed; active participation has shrunk from 437 to 237 since 2022.

Plan summary
Net assets, end of year$3,759,818
Participants with balances138
Active participants237
Employer contributions$207,713
Employee contributions$339,155
Employer contribution per active participant$876
Average account balance$27,245
Benefits paid to participants$106,346
Plan auditUnmodified (clean) audit opinion
AuditorGRAY, GRIFFITH, AND MAYS
Plan history3
Yearassets · accounts · employer contribution
2024$3.8M · 138 accts · $208K emplr
2023$2.9M · 121 accts · $177K emplr
2022$2.0M · 108 accts · $151K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$916
Investment management$11,164
Total administrative$12,080
Employer contributions to the Southern Highlands Community Mental Health Center, Inc. plan · 2024
Employer contribution per active participant$876
Median for plans this size$1,313
2024$876 per active participant
2023$451 per active participant
2022$346 per active participant

Southern Highlands Community Mental Health 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.

Service providers · 20242
ASCENSUS LLC · Recordkeeping$916
ONE DIGITAL INVESTMENT ADVISORS. · Investment advisory (plan)$11,164

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$12,080 · 0.36%
2023$845 · 0.03%
2022$464 · 0.03%
Similar plansHealth Care & Social Assistance · West Virginia
Davis Health System, Inc. WV$4.1M · 0.14%
Hospice Care Corporation WV$3.8M · 1.19%
Wv Therapy Services, LLC WV$3.6M · 0.03%
The Potomac Center, Inc. WV$3.1M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 550521143 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.