Plan Ledger DOL Form 5500 · updated monthly

Trenton Medical Center Inc.401(k)

PALMS MEDICAL GROUP 401K PLAN · HIGH SPRINGS, FL · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Trenton Medical Center Inc. reported $42,700 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $3,554 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 0.36% to 0.28%. 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 1,248th-largest of 3,644 plans among Florida employers on file, and the 4,104th of 11,911 in health care & social assistance. In 2024, employees put in $1.24 for every $1.00 the employer contributed; active participation has grown from 241 to 337 since 2022.

Plan summary
Net assets, end of year$17,183,661
Participants with balances389
Active participants337
Employer contributions$1,197,772
Employee contributions$1,485,791
Employer contribution per active participant$3,554
Average account balance$44,174
Benefits paid to participants$683,573
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.2M · 389 accts · $1.2M emplr
2023$13.0M · 336 accts · $812K emplr
2022$9.8M · 339 accts · $715K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,255
Investment management$39,445
Total administrative$42,700
The Trenton Medical Center Inc. 401(k) match · 2024
Employer contribution per active participant$3,554
Median for plans this size$2,416
2024$3,554 per active participant
2023$2,790 per active participant
2022$2,968 per active participant

Trenton Medical Center 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
AMERICAN UNITED LIFE INSURANCE CO · Recordkeeping · Loan processing$4,005
RAYMOND JAMES FNCL SRVS · Investment advisory (participants) · Investment advisory (plan)$39,445

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

Recordkeeper by year2
2024OneAmerica
2023OneAmerica

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

Administrative cost history3
2024$42,700 · 0.28%
2023$32,033 · 0.28%
2022$36,967 · 0.36%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Mental Health Care, Inc. FL$17.1M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592871302 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.