Plan Ledger DOL Form 5500 · updated monthly

Tennessee Rural Health Improvement Association401(k)

TENNESSEE RURAL HEALTH IMPROVEMENT ASSOCIATION RETIREMENT SAVINGS PLAN · COLUMBIA, TN · plan year 2024

Employer contribution per participant · 2024
$1,248

Tennessee Rural Health Improvement Association's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $12,010,733 across 177 participant accounts, with employer contributions averaging $1,248 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Tennessee (772nd of 1,496), and 3,787th of 4,798 in finance & insurance. In 2024, employees put in $3.59 for every $1.00 the employer contributed; active participation has grown from 122 to 149 since 2022.

Plan summary
Net assets, end of year$12,010,733
Participants with balances177
Active participants149
Employer contributions$185,934
Employee contributions$666,763
Employer contribution per active participant$1,248
Average account balance$67,857
Benefits paid to participants$1,511,470
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.0M · 177 accts · $186K emplr
2023$10.8M · 152 accts · $156K emplr
2022$10.0M · 141 accts · $142K emplr
The Tennessee Rural Health Improvement Association 401(k) match · 2024
Employer contribution per active participant$1,248
Median for plans this size$2,416
2024$1,248 per active participant
2023$1,207 per active participant
2022$1,162 per active participant

Tennessee Rural Health Improvement Association's 2024 employer contribution ran below the $2,416 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.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
Same employer
Similar plansFinance & Insurance · Tennessee
The Bank of Fayette County TN$12.7M · 0.14%
First Federal Bank TN$12.2M · 0.01%
Centennial Bank, Inc. TN$11.7M · 0.48%
Simplybank TN$9.6M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620450581 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.