Plan Ledger DOL Form 5500 · updated monthly

Baptist Health Care Corporation403(b)

BAPTIST HEALTH CARE CORPORATION AND AFFILIATES RETIREMENT SAVINGS 403(B) PLAN · PENSACOLA, FL · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Baptist Health Care Corporation reported $802,754 in plan administrative expenses for 2024: 0.29% of average plan assets, higher than ~90% of peers. Employer contributions averaged $697 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 0.27% to 0.29%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 128th-largest of 3,644 plans among Florida employers on file, and the 491st of 11,911 in health care & social assistance. In 2024, employees put in $4.44 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$298,028,484
Participants with balances4,101
Active participants5,316
Employer contributions$3,707,156
Employee contributions$16,474,733
Employer contribution per active participant$697
Average account balance$72,672
Benefits paid to participants$23,435,963
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$298.0M · 4,101 accts · $3.7M emplr
2023$260.9M · 3,991 accts · $1.9M emplr
2022$220.8M · 4,024 accts · $4.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$472,592
Investment management$227,299
Total administrative$802,754
Employer contributions to the Baptist Health Care Corporation plan · 2024
Employer contribution per active participant$697
Median for plans this size$4,294
2024$697 per active participant
2023$366 per active participant
2022$767 per active participant

Baptist Health Care Corporation's 2024 employer contribution ran below the $4,294 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 · 20244
VOYA INSTITUTIONAL PLAN SERVICES · Investment management · Legal$344,804
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$152,649
ANDCO CONSULTING LLC · Consulting$62,000
MARINER INSTITUTIONAL · Investment advisory (plan)$12,000

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$802,754 · 0.29%
2023$733,102 · 0.30%
2022$638,389 · 0.27%
Similar plansHealth Care & Social Assistance · Florida
Watson Clinic LLP FL$327.8M · 0.22%
Genesiscare USA, Inc. FL$265.8M · 0.10%
Gastro Health, LLC FL$264.2M · 0.27%
Florida Woman Care, LLC FL$254.8M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592425151 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.