Plan Ledger DOL Form 5500 · updated monthly

Willis-Knighton Medical Center403(b)

WILLIS-KNIGHTON HEALTH SYSTEM 403(B) PLAN · SHREVEPORT, LA · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Willis-Knighton Medical Center reported $304,980 in plan administrative expenses for 2024: 0.23% of average plan assets, above the peer median. Employer contributions averaged $16 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 0.37% to 0.23%. 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 45th-largest of 884 plans among Louisiana employers on file, and the 783rd of 11,911 in health care & social assistance. In 2024, employees put in $140.37 for every $1.00 the employer contributed; active participation has grown from 6,985 to 7,746 since 2022.

Plan summary
Net assets, end of year$152,355,837
Participants with balances3,176
Active participants7,746
Employer contributions$123,688
Employee contributions$17,361,806
Employer contribution per active participant$16
Average account balance$47,971
Benefits paid to participants$6,358,289
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$152.4M · 3,176 accts · $124K emplr
2023$118.4M · 2,969 accts · $130K emplr
2022$81.9M · 2,569 accts · $110K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$304,980
Total administrative$304,980
Employer contributions to the Willis-Knighton Medical Center plan · 2024
Employer contribution per active participant$16
Median for plans this size$3,635
2024$16 per active participant
2023$17 per active participant
2022$16 per active participant

Willis-Knighton Medical Center's 2024 employer contribution ran below the $3,635 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 · 20241
VALIC RETIREMENT SERVICES COMPANY · Custodial (securities) · Investment advisory (participants)$304,980

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$304,980 · 0.23%
2023$292,317 · 0.29%
2022$267,564 · 0.37%
Same employer
Similar plansHealth Care & Social Assistance · Louisiana
Woman's Hospital Foundation LA$192.3M · 0.09%
Highland Clinic, a P.M.C. LA$86.8M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 720400933 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.