Plan Ledger DOL Form 5500 · updated monthly

Vernon Memorial Healthcare, Inc.401(k)

VERNON MEMORIAL HEALTHCARE EMPLOYEES PENSION & SAVINGS PLAN · VIROQUA, WI · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Vernon Memorial Healthcare, Inc. reported $147,081 in plan administrative expenses for 2024: 0.26% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,073 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 3 years on file its reported administrative ratio has held roughly steady near 0.263%. 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 373rd-largest of 1,936 plans among Wisconsin employers on file, and the 1,656th of 11,911 in health care & social assistance. In 2024, employees put in $2.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$58,255,304
Participants with balances477
Active participants476
Employer contributions$986,890
Employee contributions$2,028,978
Employer contribution per active participant$2,073
Average account balance$122,129
Benefits paid to participants$4,232,567
Plan auditUnmodified (clean) audit opinion
AuditorHAWKINS ASH CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$58.3M · 477 accts · $987K emplr
2023$53.6M · 475 accts · $500K emplr
2022$51.8M · 482 accts · $932K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,670
Investment management$77,618
Trustee / custodial$16,793
Total administrative$147,081
The Vernon Memorial Healthcare, Inc. 401(k) match · 2024
Employer contribution per active participant$2,073
Median for plans this size$3,635
2024$2,073 per active participant
2023$1,119 per active participant
2022$2,090 per active participant

Vernon Memorial Healthcare, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20243
NEWPORT GROUP, INC. · Claims processing · Recordkeeping$52,670
CREATIVE PLANNING, LLC · Investment advisory (participants) · Investment advisory (plan)$77,618
NEWPORT TRUST COMPANY · Trustee$16,793

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$147,081 · 0.26%
2023$67,376 · 0.13%
2022$131,201 · 0.26%
Same employer
Similar plansHealth Care & Social Assistance · Wisconsin
Community Care, Inc. WI$60.8M · 0.05%
Inclusa, Inc. WI$60.4M · 0.11%
Agrace Health WI$54.6M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 390806404 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.