Plan Ledger DOL Form 5500 · updated monthly

United Methodist Manor of the Pee Dee401(k)

UNITED METHODIST MANOR OF THE PEE DEE 401(K) PLAN · FLORENCE, SC · plan year 2024

Reported admin expense ratio · 2024
1.31%

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

United Methodist Manor of the Pee Dee reported $22,001 in plan administrative expenses for 2024: 1.31% of average plan assets, higher than ~90% of peers. Employer contributions averaged $217 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 1.97% to 1.31%. 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 South Carolina (707th of 807), and 10,236th of 11,911 in health care & social assistance. In 2024, employees put in $4.82 for every $1.00 the employer contributed; active participation has grown from 144 to 204 since 2022.

Plan summary
Net assets, end of year$1,773,149
Participants with balances127
Active participants204
Employer contributions$44,245
Employee contributions$213,256
Employer contribution per active participant$217
Average account balance$13,962
Benefits paid to participants$207,925
Plan auditUnmodified (clean) audit opinion
AuditorTHE HOBBS GROUP, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$1.8M · 127 accts · $44K emplr
2023$1.6M · 97 accts · $41K emplr
2022$1.1M · 102 accts · $48K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,001
Total administrative$22,001
The United Methodist Manor of the Pee Dee 401(k) match · 2024
Employer contribution per active participant$217
Median for plans this size$1,313
2024$217 per active participant
2023$229 per active participant
2022$335 per active participant

United Methodist Manor of the Pee Dee's 2024 employer contribution ran below the $1,313 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 · 20245
RJA 338 · Investment advisory (participants)$4,749
RAYMOND JAMES & ASSOCIATES, INC. · Investment advisory (plan)$1,850
MY BENEFITS, LLC · Contract administrator$300

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$22,001 · 1.31%
2023$26,710 · 1.98%
2022$22,626 · 1.97%
Same employer
Similar plansHealth Care & Social Assistance · South Carolina
Vessel Medical, Inc. SC$1.9M · 1.23%
Tri-County Therapy SC$1.8M · 0.26%
Bright Start, LLC SC$1.5M · 0.05%
Equiscript, LLC SC$1.2M · 1.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570762944 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.