Alabama › Health care and social assistance › 250 to 499 participants
Form 5500 statement · plan year 1 Oct 2024 to 30 Sep 2025
Marshall-Jackson Mental Health Board 401(k) Retirement Plan
Sponsored by Marshall-Jackson Mental Health Board, Inc., Guntersville, AL
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Marshall-Jackson Mental Health Board, Inc. of Guntersville, Alabama sponsors Marshall-Jackson Mental Health Board 401(k) Retirement Plan, a 401(k) plan. Its Form 5500 for the plan year ending 30 Sep 2025 shows 257 participants (129 active) and $6.0M in net assets.
Net assets came to $23,351 per participant, well below the $48,746 median for defined contribution plans with 250 to 499 participants and well below the $30,764 median for defined contribution plans in health care and social assistance. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $172K during the year, or $1,335 per active participant against a same-size median of $2,017; participants contributed $220K and $1,441 arrived as rollovers and other contributions. Benefits paid out totalled $760K.
Schedule C lists 3 service provider organisations paid $5,000 or more, with reported compensation of $44K: $171 per participant, above the same-size median of $141. Administrative expenses charged to the plan were $12K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $2.5M in 2009 to $6.0M in 2024 (up 143%), and participants from 148 to 257 (up 74%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $23,351 | $48,746 | $30,764 | $53,102 |
| Employer contributions per active participant | $1,335 | $2,017 | $1,536 | $2,175 |
| Schedule C compensation per participant | $171 | $141 | $93.85 | $123 |
| Schedule C compensation, share of net assets | 0.73% | 0.30% | 0.31% | 0.26% |
| Administrative expenses per participant | $47.17 | $133 | $86.53 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 250 to 499 participants (17,456 plans), health care and social assistance (9,402) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 257 | $6.0M | $23,350 | $172K | $220K | $44K |
| 2023 | 169 | $5.7M | $33,728 | $133K | $168K | $24K |
| 2022 | 233 | $5.1M | $21,725 | $114K | $137K | $17K |
| 2021 | 165 | $4.8M | $29,067 | $118K | $142K | $25K |
| 2020 | 229 | $5.5M | $23,878 | $115K | $139K | $0 |
| 2019 | 219 | $5.0M | $23,037 | $107K | $142K | $8,000 |
| 2018 | 221 | $4.6M | $20,995 | $111K | $149K | $16K |
| 2017 | 213 | $4.8M | $22,469 | $115K | $163K | $16K |
| 2016 | 279 | $4.5M | $16,050 | $119K | $159K | $14K |
| 2015 | 215 | $4.0M | $18,400 | $116K | $151K | $0 |
| 2014 | 228 | $3.4M | $15,061 | $112K | $147K | $0 |
| 2013 | 184 | $3.4M | $18,413 | $116K | $157K | $0 |
| 2012 | 179 | $3.2M | $17,732 | $123K | $170K | $0 |
| 2011 | 133 | $2.9M | $21,451 | $126K | $193K | $0 |
| 2010 | 153 | $2.4M | $15,647 | $133K | $200K | $0 |
| 2009 | 148 | $2.5M | $16,676 | $135K | $156K | $0 |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$5,699,560
- Employer contributions$172,201
- Participant contributions$220,392
- Rollovers and other contributions$1,441
- Total contributions$394,034
- Total income, including investment results$1,073,651
- Benefits paid$759,988
- Administrative expenses$12,122
- Total expenses$772,110
- Net income$301,541
- Net transfers$0
- Net assets, end of year$6,001,101
Participants
- Active participants129
- Retired or separated, receiving benefits3
- Retired or separated, entitled to future benefits125
- Participants with account balances200
- Total participants, end of year257
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Empower Annuity Insurance | Recordkeeping fees | $23,143 | $0 |
| Raymond James | Investment advisory (plan) | $17,107 | $0 |
| Dyatech LLC | Contract Administrator | $925 | $2,844 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Recordkeeping fees$12,122
- Total administrative expenses$12,122
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Pooled separate accounts$5.3M · 87.9%
- Insurance company general account$713K · 11.9%
- Receivables$16K · 0.3%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmMda Professional Group P.C.
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature2KCode section 401(m) arrangement3DPre-approved pension plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 621330: Offices of Mental Health Practitioners (except Physicians).
Similar plans in Alabama
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Northstar Ems, Inc. 401(k) Profit Sharing Plan | Northstar Ems, Inc. | 265 | $6.7M | $25,270 |
| CSL 403(b) Plan | Community Senior Life | 249 | $1.5M | $6,072 |
| The Orthopaedic Group, P.C. Profit Sharing Plan | The Orthopaedic Group, P.C. | 266 | $47.7M | $179,313 |
| Quality of Life Health Services, Inc. 401(k) Plan | Quality of Life Health Services, Inc. | 241 | $10.7M | $44,361 |
| Urology Centers of Alabama, P.C. 401(k) Profit Sharing Retirement Plan | Urology Centers of Alabama, P.C. | 268 | $58.2M | $217,321 |
| Urology Associates of Mobile, P.A. 401(k) Profit Sharing Plan | Urology Associates of Mobile, P.A. | 232 | $25.3M | $109,054 |
Defined contribution plans in health care and social assistance closest in size.
Questions and answers
How big is Marshall-Jackson Mental Health Board 401(k) Retirement Plan?
257 participants at the end of the plan year ending 30 Sep 2025, of whom 129 were active employees, with net assets of $6,001,101. Among defined contribution plans that places it in the 250 to 499 participants band, which held 17,456 plans in plan year 2024.
What does Marshall-Jackson Mental Health Board, Inc. contribute per participant?
The filing reports $172,201 in employer contributions for the year, which is $1,335 per active participant; the median for plans of the same type and size was $2,017 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $44,019 in compensation to service provider organisations, $171 per participant or 0.73% of net assets. The same-size median among plans reporting any Schedule C compensation was $141 per participant. Administrative expenses on Schedule H were $12,122. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Marshall-Jackson Mental Health Board, Inc.. Recordkeeping or administration: Empower Annuity Insurance and Dyatech LLC. Investment advisory or management: Raymond James. The financial statements were audited by Mda Professional Group P.C.. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Oct 2024 to 30 Sep 2025, received by the Department of Labor on 14 Jul 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 63-0638946, plan 001, received 14 Jul 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.