Plan Ledger DOL Form 5500 · updated monthly

Spooner Health System, Inc.403(b)

SPOONER HEALTH SYSTEM 403(B) PLAN · SPOONER, WI · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Spooner Health System, Inc. reported $69,430 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $2,955 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 0.50% to 0.42%. 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 930th-largest of 1,936 plans among Wisconsin employers on file, and the 3,972nd of 11,911 in health care & social assistance. In 2024, employees put in $2.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,993,767
Participants with balances192
Active participants145
Employer contributions$428,487
Employee contributions$915,053
Employer contribution per active participant$2,955
Average account balance$93,718
Benefits paid to participants$744,020
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$18.0M · 192 accts · $428K emplr
2023$15.2M · 200 accts · $440K emplr
2022$13.7M · 189 accts · $358K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,151
Investment management$31,279
Total administrative$69,430
Employer contributions to the Spooner Health System, Inc. plan · 2024
Employer contribution per active participant$2,955
Median for plans this size$2,416
2024$2,955 per active participant
2023$3,100 per active participant
2022$2,591 per active participant

Spooner Health System, Inc.'s 2024 employer contribution ran above 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 · 20242
LINCOLN NATIONAL CORPORATION · Contract administrator · Loan processing$38,151
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$31,236

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$69,430 · 0.42%
2023$76,448 · 0.53%
2022$74,632 · 0.50%
Similar plansHealth Care & Social Assistance · Wisconsin
Wisconsin Vision, Inc. WI$19.2M · 0.51%
North Shore Healthcare, LLC WI$18.8M · 0.13%
Cumberland Healthcare WI$18.7M · 0.37%
First Impressions, S.C. WI$17.8M · 0.33%
Management Select, LLC WI$17.7M · 0.23%
Independencefirst WI$17.5M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 390892183 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.