Plan Ledger DOL Form 5500 · updated monthly

Beacon Health System, Inc.403(b)

BEACON RETIREMENT SAVINGS 403(B) PLAN · SOUTH BEND, IN · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Beacon Health System, Inc. reported $899,898 in plan administrative expenses for 2024: 0.14% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,348 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 0.12% to 0.14%. 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 23rd-largest of 1,562 plans among Indiana employers on file, and the 265th of 11,911 in health care & social assistance. In 2024, employees put in $2.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$694,923,452
Participants with balances10,573
Active participants7,860
Employer contributions$18,452,698
Employee contributions$40,290,381
Employer contribution per active participant$2,348
Average account balance$65,726
Benefits paid to participants$57,942,733
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$694.9M · 10,573 accts · $18.5M emplr
2023$602.8M · 10,546 accts · $17.1M emplr
2022$488.9M · 9,030 accts · $16.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$854,137
Investment management$11,912
Audit (IQPA)$24,748
Total administrative$899,898
Employer contributions to the Beacon Health System, Inc. plan · 2024
Employer contribution per active participant$2,348
Median for plans this size$4,294
2024$2,348 per active participant
2023$2,221 per active participant
2022$2,251 per active participant

Beacon 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 · 20246
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$854,137
FORVIS, LLP · Accounting / audit$24,748
TAFT STETTINIUS & HOLLISTER LAW LLP · Legal$9,101
CORIENT PRIVATE WEALTH LLC · Securities brokerage$6,028
CHARLES SCHWAB & CO., INC. · Securities brokerage$1,477
MID ATLANTIC CAPITAL CORPORATION · Securities brokerageindirect comp

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$899,898 · 0.14%
2023$884,695 · 0.16%
2022$649,980 · 0.12%
All plans at this employer2
BEACON RETIREMENT SAVINGS 403(B) PLAN403(b)
BEACON RETIREMENT SAVINGS 401(A) PLAN401(k)
Same employer
Similar plansHealth Care & Social Assistance · Indiana
Parkview Health System, Inc. IN$928.5M · 0.01%
Goshen Health IN$300.2M · 0.08%
Trimedx Holdings, LLC IN$244.6M · 0.21%
Union Hospital, Inc. IN$232.8M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 453864076 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.