Plan Ledger DOL Form 5500 · updated monthly

Baptist Health System, Inc.403(b)

BAPTIST HEALTH SYSTEM, INC. MATCHED SAVINGS PLAN · JACKSONVILLE, FL · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Baptist Health System, Inc. reported $845,346 in plan administrative expenses for 2024: 0.11% of average plan assets, above the peer median. Employer contributions averaged $2,276 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 0.06% to 0.11%. 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 62nd-largest of 3,644 plans among Florida employers on file, and the 234th of 11,911 in health care & social assistance. In 2024, employees put in $1.69 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$782,818,484
Participants with balances17,766
Active participants12,975
Employer contributions$29,525,150
Employee contributions$49,854,752
Employer contribution per active participant$2,276
Average account balance$44,063
Benefits paid to participants$94,857,234
Plan auditDisclaimer of opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$782.8M · 17,766 accts · $29.5M emplr
2023$709.7M · 17,810 accts · $25.6M emplr
2022$592.8M · 17,302 accts · $22.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$834,076
Investment management$11,270
Total administrative$845,346
Employer contributions to the Baptist Health System, Inc. plan · 2024
Employer contribution per active participant$2,276
Median for plans this size$4,294
2024$2,276 per active participant
2023$2,585 per active participant
2022$1,860 per active participant

Baptist Health System, Inc.'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 · 20243
VALIC RETIREMENT SERVICES COMPANY · Custodial (securities) · Investment advisory (participants)$814,963
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$19,139
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$11,270

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$845,346 · 0.11%
2023$869,163 · 0.13%
2022$365,717 · 0.06%
Similar plansHealth Care & Social Assistance · Florida
The Nemours Foundation FL$1.3B · 0.10%
Lee Health System, Inc. FL$1.3B · 0.01%
Health First, Inc. FL$903.0M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592487136 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.