Plan Ledger DOL Form 5500 · updated monthly

Southern Illinois Healthcare Foundation, Inc. dba Sihf Healthcare401(k)

SIHF HEALTHCARE SAVINGS AND INVESTMENT PLAN · CENTREVILLE, IL · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Southern Illinois Healthcare Foundation, Inc. dba Sihf Healthcare reported $190,333 in plan administrative expenses for 2024: 0.28% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,925 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 0.26% to 0.28%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 716th-largest of 3,702 plans among Illinois employers on file, and the 1,436th of 11,911 in health care & social assistance. In 2024, employees put in $2.11 for every $1.00 the employer contributed; active participation has grown from 847 to 1,020 since 2022.

Plan summary
Net assets, end of year$70,519,653
Participants with balances988
Active participants1,020
Employer contributions$1,963,950
Employee contributions$4,137,561
Employer contribution per active participant$1,925
Average account balance$71,376
Benefits paid to participants$7,422,316
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$70.5M · 988 accts · $2.0M emplr
2023$64.8M · 817 accts · $1.7M emplr
2022$57.6M · 714 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$190,333
Total administrative$190,333
The Southern Illinois Healthcare Foundation, Inc. dba Sihf Healthcare 401(k) match · 2024
Employer contribution per active participant$1,925
Median for plans this size$3,635
2024$1,925 per active participant
2023$1,906 per active participant
2022$1,899 per active participant

Southern Illinois Healthcare Foundation, Inc. dba Sihf Healthcare's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$190,332
RAYMOND JAMES & ASSOCIATES, INC. · Investment advisory (plan)indirect comp

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

Administrative cost history3
2024$190,333 · 0.28%
2023$165,774 · 0.27%
2022$162,853 · 0.26%
Similar plansHealth Care & Social Assistance · Illinois
Mather IL$72.0M · 0.05%
Kiara, Inc. IL$71.5M · 0.19%
Presbyterian Homes IL$69.5M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371158318 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.