Plan Ledger DOL Form 5500 · updated monthly

Winston County Medical Foundation403(b)

WINSTON COUNTY MEDICAL FOUNDATION 403(B) RETIREMENT PLAN · LOUISVILLE, MS · plan year 2024

Reported admin expense ratio · 2024
0.59%

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

Winston County Medical Foundation reported $64,042 in plan administrative expenses for 2024: 0.59% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,522 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 rose from 0.52% to 0.59%. 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 153rd-largest of 367 plans among Mississippi employers on file, and the 5,278th of 11,911 in health care & social assistance. In 2024, the employer put in $1.70 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$11,532,760
Participants with balances350
Active participants242
Employer contributions$610,336
Employee contributions$358,591
Employer contribution per active participant$2,522
Average account balance$32,951
Benefits paid to participants$907,165
Plan auditUnmodified (clean) audit opinion
AuditorWATKINS WARD AND STAFFORD, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$11.5M · 350 accts · $610K emplr
2023$10.1M · 315 accts · $491K emplr
2022$9.2M · 358 accts · $377K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,482
Trustee / custodial$60,560
Total administrative$64,042
Employer contributions to the Winston County Medical Foundation plan · 2024
Employer contribution per active participant$2,522
Median for plans this size$2,416
2024$2,522 per active participant
2023$2,013 per active participant
2022$1,609 per active participant

Winston County Medical Foundation'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
EPIC RETIREMENT PLAN SERVICES · Recordkeeping · Participant communication$3,482
RENASANT BANK · Trustee$60,560

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

Recordkeeper by year2
2024EPIC RPS
2023EPIC RPS

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

Administrative cost history3
2024$64,042 · 0.59%
2023$61,647 · 0.64%
2022$55,224 · 0.52%
Similar plansHealth Care & Social Assistance · Mississippi

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 646010402 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.