Methodist Homes for the Aging 401(k) match, vesting and fees
What Methodist Homes for the Aging's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Transamerica Life Insurance Company | Schedule C ↗ |
| Independent auditor | Carr, Riggs and Ingram, LLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 7,678 defined-contribution plans in health care and social assistance with 100 to 499 participants.
| Methodist Homes for the Aging: employer contribution per participant | $538 | |
| Peer median | $1,468 |
| Methodist Homes for the Aging: average balance | $21,421 | |
| Peer median | $37,786 |
| Methodist Homes for the Aging: admin expenses ÷ assets | 0.44% | |
| Peer median | 0.39% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $2.1M at the end of plan year 2021 to $2.4M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 595 | $2.4M | $60K | $538 | 0.44% | Not published | Form 5500 ↗ |
| 2023 | 589 | $2.3M | $47K | $430 | 0.69% | Not published | Form 5500 ↗ |
| 2022 | 661 | $2M | $42K | $183 | 0.48% | Not published | Form 5500 ↗ |
| 2021 | 712 | $2.1M | $42K | $173 | 0.51% | Not published | Form 5500 ↗ |
Common questions
Does Methodist Homes for the Aging match 401(k) contributions?
The match terms for the Methodist Homes for the Aging 401(k) Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $60K in employer contributions, about $538 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Methodist Homes for the Aging 401(k) match vested?
The vesting schedule for the Methodist Homes for the Aging 401(k) Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Methodist Homes for the Aging 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Transamerica Life Insurance Company. The plan administrator is Methodist Homes for the Aging.
I left Methodist Homes for the Aging. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Methodist Homes for the Aging, (205) 951-2442) or the recordkeeper, Transamerica Life Insurance Company. The Methodist Homes for the Aging old 401(k) page lists the contacts from every plan filing. Find an old Methodist Homes for the Aging 401(k)
Data from the public Form 5500 annual reports Methodist Homes for the Aging filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Methodist Homes for the Aging. Not financial advice. Report a correction · Methodology